SG Americas Securities LLC reduced its holdings in Samsara Inc. (NYSE:IOT – Free Report ) by 79.9% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. SG Americas Securities LLC now holds 4,465 shares of Samsara Inc. stock after selling 17,785 shares during the period. As of the end of the most recent quarter, SG Americas Securities LLC’s holdings in Samsara Inc. were worth $169,000.
Other institutional investors and hedge funds have also recently added to or reduced shares in the company. Baillie Gifford & Co. increased its stake in Samsara by 3.7% in the first quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock, valued at $877,682,000, after acquiring an additional 827,848 shares during the period. The Vanguard Group increased its stake in Samsara by 6.4% in the fourth quarter. The Vanguard Group acquired an additional 917,389 shares during the period and now owns 15,260,007 shares of the company’s stock, valued at $509,379,000. Westfield Capital Management increased its stake in Samsara by 23.1% in the fourth quarter. Westfield Capital Management Inc. now holds 1,985,589 shares of the company’s stock, valued at $66,279,000, after purchasing an additional 372,073 shares during the period. Sands Capital Management Inc. increased its holdings in Samsara shares by 4.6% during the fourth quarter. Sands Capital Management Inc. now holds 1,579,876 shares of the company’s stock, valued at $52,736,000, after purchasing an additional 69,171 shares during the period. Finally, Charles Schwab Investment Management Inc. now holds 969,429 shares of the company’s stock, valued at $32,360,000, after purchasing an additional 79,773 shares during the period. 89.39% of the stock is currently held by institutional investors.
Analyst upgrades and downgrades
Several equity research analysts have recently commented on the company. Piper Sandler reaffirmed their “neutral” rating on shares of Samsara with a $36.00 price target in a research note on Friday, June 28th. Bank of America initiated coverage on Samsara in a research note on Thursday, June 20th. The bank issued a “buy” rating and a $37.00 price target on the stock. Royal Bank reaffirmed their “outperform” rating on shares of Samsara with a $47.00 price target in a report on Wednesday, June 26th. Evercore ISI lowered their price target on Samsara from $41.00 to $40.00 and gave the stock an “in-line” rating in a report on Friday, June 7th. Finally, Wolfe Research reaffirmed their “outperform” rating on shares of Samsara with a $44.00 price target in a report on Friday, June 28th. Six research analysts have rated the stock with a “hold” rating and seven have rated it with a “buy” rating, according to data from MarketBeat.com. The company has an average rating of a “moderate buy” and an average price target of $37.17, according to data from MarketBeat.com.
Get the latest analysis on Samsara
Samsara Stock Performance
NYSE:IOT opened trading at $37.11 on Friday. The stock’s 50-day moving average price is $34.67 and its 200-day moving average price is $34.65. The company has a market cap of $20.44 billion, a price-to-earnings ratio of -74.22 and a beta of 1.49. Samsara Inc.’s 52-week low is $21.48 and its 52-week high is $42.28.
Samsara (NYSE:IOT – get free report ) last released its quarterly earnings data on Thursday, June 6th. The company reported quarterly EPS of ($0.10), beating analysts’ consensus estimates of ($0.12) by $0.02. Samsara had a net margin of -27.14% and a return on equity of -21.66%. Revenues for the quarter were $280.73 million, beating analyst estimates of $272.51 million. On average, equities analysts expect Samsara, Inc. to post an EPS of -0.39 for the current quarter.
Inner Activities in Samsara
In other Samsara news, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $28.88, for a total transaction value of $8,013,737.92. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other Samsara news, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $28.88, for a total transaction value of $8,013,737.92. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Also, insider John Bickett sold 82,925 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.08, for a total value of $3,157,784.00. Following this transaction, the insider now owns 1,557,115 shares of the company’s stock, valued at approximately $59,294,939.20. The disclosure for this sale can be found here. Insiders sold 1,757,240 shares of the company’s stock in the last quarter, valued at $61,407,550. Corporate insiders now own 60.04% of the company’s stock.
About Samsara
(Free report)
Samsara Inc provides solutions in the U.S. and internationally that connect physical operations data to its Connected Operations Cloud, which includes a data platform that ingests, aggregates and enriches data from IoT devices, incorporating AI, workflow and analytics, alerts, API connectivity, and data security and privacy capabilities.
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