BNP Paribas Asset Management Holding SA bought new shares of Samsara Inc. (NYSE:IOT – FREE Report ) during the first quarter, according to the company’s most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,108 shares of the company’s stock, worth about $647,000.
A number of other hedge funds have also recently added or reduced their holdings in the business. Baillie Gifford & Co. increased its holdings in Samsara by 3.7% in the first quarter. Baillie Gifford & Co. now holds 23,225,238 shares of the company’s stock, valued at $877,682,000. It acquired an additional 827,848 shares in the last quarter. The Vanguard Group increased its holdings in Samsara by 6.4% in the fourth quarter. The Vanguard Group acquired an additional 917,389 shares in the last quarter. It now holds 15,260,007 shares of the company’s stock, valued at $509,379,000. Westfield Capital Management increased its holdings in Samsara by 23.1% in the fourth quarter.Westfield Capital Management now owns 1,985,589 shares of the company’s stock, valued at $66,279,000, after purchasing an additional 372,073 shares in the last quarter. Sands Capital Management increased its holdings in Samsara by 4.6% in the fourth quarter. Sands Capital Management now owns 1,579,876 shares of the company’s stock, valued at $52,736,000, after acquiring an additional 69,171 shares in the last quarter. Finally, Charles Schwab Investment Management increased its holdings in Samsara by 9.0% in the fourth quarter. Charles Schwab Investment Management now owns 969,429 shares of the company’s stock, valued at $32,360,000, after acquiring an additional 79,773 shares in the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.
Insiders bet
In other news, Chief Accounting Officer, James Andrew Munk sold 1,105 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $30.01, for a total transaction value of $33,161.05. Following the sale, the Chief Accounting Officer now directly owns 337,523 shares of the company’s stock, valued at approximately $10,129,065.23. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, available at this hyperlink. In related 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 sale was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink. Also, Chief Accounting Officer, James Andrew Munk sold 1,105 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $30.01, for a total transaction value of $33,161.05. With this transaction, the Chief Accounting Officer now directly owns 337,523 shares of the company’s stock, valued at $10,129,065.23. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 1,686,165 shares of the company’s stock, valued at $58,230,377. Company insiders own 60.04% of the company’s stock.
Samsara shares up 1.1%
Samsara shares began trading at $35.73 on Friday. The company’s 50-day moving average price is $34.95 and its 200-day moving average price is $34.50. 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. Sell-side analysts expect Samsara to post EPS of -0.39 for the quarter.
What Wall Street analysts are saying
A number of analysts have recently offered their opinions on IOT stock. Piper Sandler reaffirmed a “neutral” rating and set a $36.00 price target on Samsara in a research report on Friday, June 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price target on Samsara in a research note on Wednesday, June 26th. Loop Capital reaffirmed a “buy” rating and set a $42.00 price target on Samsara in a research note on Friday, June 28th. Wolf Research reaffirmed an “outperform” rating and set a $44.00 price target on Samsara in a report on Friday, June 28th. Finally, Bank of America initiated coverage on Samsara shares in a report on Thursday, June 20th. They have set a “buy” rating and a $37.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, and seven have assigned a buy rating to it. According to MarketBeat data, the stock currently has an average rating of a “moderate buy” with a consensus target price of $37.17.
Read the latest research report on Samsara
Samsara Company Profile
(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.
read more
Get Samsara News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings on Samsara and related companies every day with MarketBeat.com’s free email newsletter.
