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CHURCHILL MANAGEMENT Corp Lowers Stock Holdings in Samsara Inc. (NYSE:IOT)

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CHURCHILL MANAGEMENT Corp lowered its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 33.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,087 shares of the company's stock after selling 17,270 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Samsara were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC purchased a new stake in Samsara in the fourth quarter worth about $112,041,000. Norges Bank bought a new position in shares of Samsara during the fourth quarter valued at approximately $106,274,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after purchasing an additional 2,148,081 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Samsara by 577.7% in the 4th quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company's stock worth $63,736,000 after buying an additional 1,243,561 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IOT shares. Morgan Stanley lowered 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 cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets increased their price objective on shares of 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 target price on shares of Samsara in a report on Wednesday, June 25th. Finally, Craig Hallum reiterated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Samsara presently has a consensus rating of "Hold" and a consensus target price of $50.64.

Read Our Latest Stock Analysis on Samsara

Insider Buying and Selling at Samsara

In other news, Director Marc L. Andreessen 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah 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 value of $16,491,744.58. The disclosure for this sale can be found here. Insiders have sold a total of 2,362,323 shares of company stock valued at $98,213,010 over the last three months. Insiders own 46.49% of the company's stock.

Samsara Price Performance

Samsara stock traded up $0.81 during mid-day trading on Friday, reaching $39.19. 4,249,709 shares of the stock traded hands, compared to its average volume of 3,991,295. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The business's 50-day moving average is $42.74 and its 200-day moving average is $43.82. The stock has a market capitalization of $22.31 billion, a PE ratio of -178.11 and a beta of 1.63.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 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 firm had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business's revenue for the quarter was up 30.7% compared to the same quarter last year. Equities analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Samsara (NYSE:IOT)

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