Calamos Advisors LLC Sells 17,379 Shares of Samsara Inc. (NYSE:IOT)

Calamos Advisors LLC lowered its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 67.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,542 shares of the company's stock after selling 17,379 shares during the period. Calamos Advisors LLC's holdings in Samsara were worth $327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Samsara during the fourth quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Samsara during the first quarter worth about $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara during the 4th quarter valued at about $38,000. Finally, National Bank of Canada FI bought a new stake in shares of Samsara during the 4th quarter valued at about $45,000. Institutional investors own 96.02% of the company's stock.

Samsara Stock Up 1.1%

Shares of NYSE:IOT traded up $0.43 on Wednesday, reaching $39.01. The company had a trading volume of 199,897 shares, compared to its average volume of 3,990,373. The stock has a 50-day moving average price of $42.71 and a 200 day moving average price of $43.70. The stock has a market capitalization of $22.21 billion, a P/E ratio of -177.80 and a beta of 1.63. 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 posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping 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 firm had revenue of $366.88 million during the quarter, compared to analysts' expectations of $351.44 million. During the same quarter in the previous year, the company posted $0.03 EPS. Samsara's revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 170,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the transaction, the insider directly owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. This trade represents a 31.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the sale, the insider owned 102,000 shares in the company, valued at $3,566,940. This represents a 61.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,202,323 shares of company stock valued at $92,630,610. Corporate insiders own 46.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Piper Sandler set a $53.00 price objective on shares of Samsara and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Morgan Stanley cut their price objective on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company lifted their target price on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.64.

About Samsara

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.