Vanguard Group announced in its latest 13F filing with the Securities and Exchange Commission (SEC) that it increased its holdings in Samsara (NYSE:IOT – free report) by 12.1% during the first quarter. During the period, the company acquired an additional 1,841,149 shares, bringing its holdings to 17,101,156 shares. Vanguard Group held 3.11% of Samsara, valued at $646,253,000, as of the end of the latest reporting period.
Other large investors also recently bought and sold shares in the company. Quarry LP purchased a new position in Samsara in the fourth quarter valued at approximately $37,000. Montag A & Associates Inc. increased its position in Samsara by 1,200.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock, valued at $43,000, after acquiring an additional 1,200 shares during the period. Tradition Wealth Management LLC purchased a new position in Samsara in the fourth quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Samsara by 31.9% in the fourth quarter. Cantonalbank of Zurich acquired an additional 381 shares during the period and now owns 1,575 shares of the company’s stock, valued at $53,000. Finally, Ulland Investment Advisors LLC increased its holdings in Samsara by 33.6% during the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock, valued at $75,000, after acquiring an additional 500 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Several research analysts have issued reports on the stock. BMO Capital Markets reaffirmed their “market-like” rating and $40.00 price target on Samsara in a report on Tuesday, June 11th. Piper Sandler reaffirmed their “neutral” rating and $36.00 price target on Samsara in a report on Friday, June 28th. Bank of America began coverage on Samsara in a report on Thursday, June 20th. The firm issued a “buy” rating and $37.00 price target on the company. Evercore ISI lowered their price target on Samsara from $41.00 to $40.00 in a report on Friday, June 7th and gave the company an “in-line” rating. Finally, StockNews.com raised their rating on Samsara from a “sell” to a “hold” rating in a report on Saturday, May 25th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating. According to MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” with an average target price of $37.17.
Check out our latest analysis for Samsara
Samsara shares up 4.8%
NYSE:IOT shares began trading at $37.11 on Friday. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The company’s 50 day simple moving average is $34.67 and its 200 day simple moving average is $34.65.
Samsara (NYSE:IOT – get free report ) announced its quarterly earnings on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a net margin of -27.14% and a return on equity of -21.66%. The company had revenue of $280.73 million for the quarter, beating the consensus estimate of $272.51 million. On average, sell-side analysts expect Samsara to post earnings per share of -$0.39 for the current quarter.
Insider Trading at Samsara
In other news, CEO Sanjit Biswas sold 35,320 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.90, for a total value of $1,444,588.00. Following the transaction, the CEO now owns 1,645,392 shares of the company’s stock, valued at $67,296,532.80. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be viewed at this link. In other news, CEO Sanjit Biswas sold 35,320 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.90, for a total value of $1,444,588.00.Following the transaction, the CEO now owns 1,645,392 shares of the company’s stock, valued at $67,296,532.80. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Additionally, insider John Bickett sold 91,713 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $35.61, for a total transaction value of $3,265,899.93. Following the completion of the transaction, the insider now directly owns 2,232,749 shares of the company’s stock, valued at approximately $79,508,191.89. The disclosure for this sale can be found here. In the past quarter, insiders sold 1,757,240 shares of the company’s stock, valued at $61,407,550. Currently, 60.04% of the stock is owned by company insiders.
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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