Charles Schwab Investment Management Inc. Has $85.47 Million Holdings in Samsara Inc. (NYSE:IOT)

Charles Schwab Investment Management Inc. raised its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 18.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,229,773 shares of the company's stock after acquiring an additional 352,829 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.39% of Samsara worth $85,467,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC lifted its stake in shares of Samsara by 7.8% in the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after buying an additional 260 shares during the period. Tidal Investments LLC lifted its stake in shares of Samsara by 4.6% in the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after buying an additional 281 shares during the period. Continuum Advisory LLC lifted its stake in shares of Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after buying an additional 282 shares during the period. Cim LLC lifted its stake in shares of Samsara by 1.3% in the fourth quarter. Cim LLC now owns 31,164 shares of the company's stock valued at $1,362,000 after buying an additional 386 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Samsara by 262.0% in the fourth 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 period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IOT. BMO Capital Markets increased their target price on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. Wells Fargo & Company increased their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $47.00 target price (down previously from $53.00) on shares of Samsara in a research note on Thursday, August 7th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.21.

Samsara Trading Up 4.0%

Shares of Samsara stock traded up $1.29 during midday trading on Friday, reaching $33.51. The company had a trading volume of 3,775,054 shares, compared to its average volume of 4,670,207. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of -152.32 and a beta of 1.62. The stock has a fifty day simple moving average of $38.09 and a 200 day simple moving average of $42.01. 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 earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $351.44 million. During the same quarter in the previous year, the business earned $0.03 EPS. The business's quarterly revenue was up 30.7% compared to the same quarter last year. Sell-side analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 10,083 shares of Samsara stock in a transaction on Monday, July 21st. The shares were sold at an average price of $38.77, for a total transaction of $390,917.91. Following the completion of the sale, the insider owned 358,720 shares of the company's stock, valued at approximately $13,907,574.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 37,632 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $36.15, for a total transaction of $1,360,396.80. Following the completion of the transaction, the insider directly owned 1,258,347 shares of the company's stock, valued at $45,489,244.05. This trade represents a 2.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,926,739 shares of company stock valued at $119,969,024. Company insiders own 46.49% of the company's stock.

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.