ASR Vermogensbeheer N.V. Buys New Stake in Samsara Inc. (NYSE:IOT)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Samsara Inc. worth approximately $848,000 by purchasing 22,120 shares in the first quarter.
• Multiple institutional investors, including Vanguard Group Inc. and Jefferies Financial Group Inc., have increased their holdings in Samsara, indicating a strong institutional interest in the company.
• Samsara recently reported an EPS of $0.11 for the quarter, exceeding analyst expectations, and showed a year-over-year revenue increase of 30.7%.

ASR Vermogensbeheer N.V. bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,120 shares of the company's stock, valued at approximately $848,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Keystone Financial Group Inc. lifted its holdings in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Samsara in the 1st quarter valued at about $31,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Samsara in the 4th quarter valued at about $38,000. Finally, National Bank of Canada FI purchased a new stake in shares of Samsara in the 4th quarter valued at about $45,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Adam Eltoukhy sold 10,083 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $38.77, for a total value of $390,917.91. Following the sale, the insider owned 358,720 shares of the company's stock, valued at approximately $13,907,574.40. This represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bicket sold 37,632 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $36.15, for a total value of $1,360,396.80. Following the completion of the sale, the insider directly owned 1,258,347 shares in the company, valued at approximately $45,489,244.05. The trade was a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,926,739 shares of company stock worth $119,969,024 in the last quarter. Company insiders own 46.49% of the company's stock.

Samsara Stock Up 0.5%

Shares of IOT traded up $0.17 on Tuesday, reaching $32.67. The stock had a trading volume of 5,195,369 shares, compared to its average volume of 4,223,390. The firm has a market capitalization of $18.60 billion, a PE ratio of -148.50 and a beta of 1.62. The firm has a 50-day moving average of $38.91 and a 200 day moving average of $42.32. Samsara Inc. has a twelve month low of $31.40 and a twelve month 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, topping analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The company's revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on IOT. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company upped their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. BMO Capital Markets upped their price objective on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. Finally, Evercore ISI set a $45.00 price objective on Samsara in a research note on Wednesday, June 25th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.21.

Samsara Company Profile

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.