Alberta Investment Management Corp increased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 372.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 374,366 shares of the company's stock after purchasing an additional 295,166 shares during the quarter. Alberta Investment Management Corp owned 0.07% of Samsara worth $14,349,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IOT. NewEdge Advisors LLC boosted its stake in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after buying an additional 414 shares during the last quarter. Keystone Financial Group Inc. boosted its stake in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Samsara during the 1st quarter valued at approximately $31,000. Fourth Dimension Wealth LLC purchased a new position in shares of Samsara during the 4th quarter valued at approximately $38,000. Finally, CWM LLC lifted its stake in Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler set a $53.00 price objective on Samsara and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. BMO Capital Markets raised their price objective on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company raised their target price on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.64.
Get Our Latest Stock Analysis on Samsara
Samsara Trading Up 4.5%
NYSE:IOT traded up $1.61 during mid-day trading on Monday, reaching $37.62. 2,632,722 shares of the stock were exchanged, compared to its average volume of 3,986,727. The business has a fifty day moving average price of $40.50 and a 200 day moving average price of $42.90. The firm has a market capitalization of $21.41 billion, a PE ratio of -170.98 and a beta of 1.62. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.
Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The business had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same quarter last year, the company posted $0.03 EPS. Samsara's revenue for the quarter was up 30.7% on a year-over-year basis. On average, sell-side analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.
Insider Buying and Selling
In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $3,087,240. This trade represents a 67.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,691,872 shares of company stock worth $111,982,470. Company insiders own 46.49% of the company's stock.
Samsara Profile
(
Free Report)
Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.
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