Unisuper Management Corp. acquired a new stake in Samsara Inc. (NYSE:IOT – FREE Report ) during the first quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,500 shares of the company’s stock worth about $94,000.
Other large investors also modified their holdings in IOT. The Vanguard Group increased its holdings in Samsara by 12.1% in the first quarter. The Vanguard Group now owns 17,101,156 shares of the company, valued at $646,253,000, after purchasing an additional 1,841,149 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Samsara by 3.7% in the first quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company, valued at $877,682,000, after purchasing an additional 827,848 shares in the last quarter. Blair William & Company IL increased its holdings in Samsara by 1,601.3% during the first quarter. Blair William & Company IL now owns 744,929 shares of the company’s stock, valued at $28,151,000, after purchasing an additional 701,144 shares during the last quarter. Swiss National Bank acquired a new stake in Samsara in the first quarter, valued at $19,477,000. Finally, Westfield Capital Management Company LP increased its holdings in Samsara by 23.1% during the fourth quarter. Westfield Capital Management Company LP now owns 1,985,589 shares of the company’s stock, valued at $66,279,000, after purchasing an additional 372,073 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of analysts have commented on the company. Evercore ISI lowered their price target on Samsara from $41.00 to $40.00 and gave the stock an “in-line” rating in a research report on Friday, June 7th. Royal Bank reaffirmed their “outperform” rating and set a $47.00 price target for Samsara in a research report on Wednesday, June 26th. BMO Capital Markets reaffirmed their “market average” rating and set a $40.00 price target for Samsara in a research report on Tuesday, June 11th. StockNews.com raised their rating for Samsara from a “sell” to a “hold” rating in a research report on Saturday, May 25th. Finally, Piper Sandler reaffirmed their “neutral” rating and set a $36.00 price target for Samsara in a research report on Friday, June 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating. Based on MarketBeat data, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.17.
Check out our latest stock analysis for Samsara
Samsara shares up 1.1%
Samsara shares began trading at $37.51 on Monday. The company’s 50-day simple moving average is $34.60 and its 200-day simple moving average is $34.72. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of -75.02 and a beta of 1.49. Samsara’s low in the past 12 months is $21.48 and its high in the past 12 months is $42.28.
Samsara (NYSE:IOT – get free report ) announced its quarterly earnings on Thursday, June 6th. The company announced quarterly earnings per share (EPS) 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 analyst expectations of $272.51 million. Samsara had a return on equity of -21.66% and a net margin of -27.14%. Sell-side analysts expect Samsara, Inc. to post an EPS of -0.39 for the current fiscal year.
Inner Activities in Samsara
In other Samsara news, CEO Sanjit Biswas sold 84,150 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.06, for a total value of $3,202,749.00. Following the transaction, the CEO now owns 1,190,149 shares of the company’s stock, valued at $45,297,070.94. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be viewed at this link. In other Samsara news, CEO Sanjit Biswas sold 84,150 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.06, for a total value of $3,202,749.00.Following the transaction, the CEO now owns 1,190,149 shares of the company’s stock, valued at $45,297,070.94. 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 in a transaction on Tuesday, April 30th. The shares were sold at an average price of $35.61, for a total 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. Insiders have sold a total of 1,757,240 shares in the last 90 days, valued at $61,407,550. Insiders own 60.04% of the company’s shares.
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.
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