Toronto-Dominion Bank acquired a new stake in Samsara Inc. (NYSE:IOT – free report ) during the first quarter, according to the bank’s latest Form 13F filing with the SEC. The fund acquired 16,418 shares of the company’s stock, valued at about $620,000.
A number of other hedge funds have also recently modified their holdings in IOT. Quarry LP bought a new stake in Samsara in the fourth quarter, valued at about $37,000. Montag A & Associates Inc. increased its holdings in Samsara by 1,200.0% in the fourth quarter. Montag A & Associates Inc. acquired an additional 1,200 shares during the period and now owns 1,300 shares, valued at $43,000. Tradition Wealth Management LLC bought a new stake in Samsara in the fourth quarter, valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% in the fourth quarter. Cantonal Bank of Zurich now owns 1,575 shares of the company’s stock, valued at $53,000, after acquiring an additional 381 shares during the period. 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 purchasing an additional 500 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.
Insider Activities
In related news, CEO Sanjit Biswas sold 91,954 shares of Samsara 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 $3,274,481.94. Following the completion of the transaction, the CEO now directly owns 1,780,758 shares of the company’s stock, valued at approximately $63,412,792.38. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Samsara news, CAO James Andrew Munk sold 1,105 shares of the 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 owns 337,523 shares of the company’s stock, valued at $10,129,065.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed on the SEC’s website. Additionally, CEO Sanjit Biswas sold 91,954 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 $3,274,481.94. Following the sale, the chief executive officer now directly owns 1,780,758 shares of the company’s stock, valued at $63,412,792.38. The disclosure for this sale can be found here. During 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.
Analyst upgrades and downgrades
Several analysts have recently commented on the stock. Royal Bank reaffirmed their “outperform” rating and set a $47.00 price target on Samsara in a research report on Wednesday, June 26th. Piper Sandler reaffirmed their “neutral” rating and set a $36.00 price target on Samsara in a research report on Friday, June 28th. Evercore ISI lowered their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Friday, June 7th. Bank of America initiated coverage on Samsara in a research note on Thursday, June 20th. The firm set a “buy” rating and a $37.00 price target on the stock. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Samsara in a research note on Friday, June 28. Six analysts have rated the stock with a hold rating, and seven have given a buy rating. According to MarketBeat data, Samsara currently has a “moderate buy” consensus rating, with an average price target of $37.17.
Get the latest report on Samsara
Samsara trading up 1.1%
IOT began trading at $37.51 on Monday. Samsara Inc. has a 12-month low of $21.48 and a 12-month high of $42.28. The stock’s 50-day moving average is $34.60 and its 200-day moving average is $34.72.
Samsara (NYSE:IOT – get free report ) last announced its earnings results on Thursday, June 6th. The company reported quarterly earnings per share of ($0.10), beating the consensus estimate of ($0.12) by $0.02. The company’s revenue for the quarter was $280.73 million, beating the consensus estimate of $272.51 million. Samsara’s return on equity was -21.66% and net margin was -27.14%. Analysts on average expect that Samsara will post earnings per share of -0.39 for the year.
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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