Samsara Inc. (NYSE:IOT) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,049 shares of the company's stock after purchasing an additional 24,307 shares during the period. Asset Management One Co. Ltd.'s holdings in Samsara were worth $5,920,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Samsara in the first quarter valued at approximately $342,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Samsara by 47.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,407 shares of the company's stock worth $361,000 after purchasing an additional 3,007 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in Samsara by 24.7% in the 1st quarter. Praxis Investment Management Inc. now owns 6,920 shares of the company's stock valued at $265,000 after buying an additional 1,370 shares during the period. Blue Trust Inc. lifted its position in Samsara by 12.7% in the first quarter. Blue Trust Inc. now owns 8,076 shares of the company's stock valued at $310,000 after buying an additional 911 shares during the last quarter. Finally, Institute for Wealth Management LLC. purchased a new position in Samsara during the first quarter worth about $293,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In other Samsara news, Director Marc L. Andreessen sold 399,026 shares of Samsara stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $34.97, for a total value of $5,595,200.00. Following the sale, the insider owned 102,000 shares in the company, valued at $3,566,940. This trade represents a 61.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,362,323 shares of company stock worth $98,213,010. Corporate insiders own 46.49% of the company's stock.

Samsara Stock Performance

Samsara stock traded down $0.88 during mid-day trading on Wednesday, reaching $38.29. 4,429,165 shares of the company were exchanged, compared to its average volume of 3,972,056. The firm's 50-day simple moving average is $42.72 and its two-hundred day simple moving average is $43.91. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The firm has a market cap of $21.80 billion, a PE ratio of -174.12 and a beta of 1.63.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same period in the previous year, the company posted $0.03 EPS. Samsara's revenue was up 30.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

IOT has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a report on Friday, March 7th. BMO Capital Markets boosted their target price on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Evercore ISI set a $45.00 price target on Samsara in a research report on Wednesday, June 25th. Finally, Truist Financial decreased their target price on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $50.64.

Samsara 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.