Handelsbanken Fonder AB Has $2.34 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Handelsbanken Fonder AB raised its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,100 shares of the company's stock after acquiring an additional 8,100 shares during the quarter. Handelsbanken Fonder AB's holdings in Samsara were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in IOT. Vanguard Group Inc. lifted its position in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after acquiring an additional 863,197 shares during the last quarter. FMR LLC raised its holdings in Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after buying an additional 2,852,575 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after buying an additional 2,148,081 shares during the period. Invesco Ltd. increased its position in shares of Samsara by 13.7% in the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company's stock worth $151,908,000 after acquiring an additional 419,163 shares in the last quarter. Finally, Amundi increased its position in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock worth $133,126,000 after acquiring an additional 547,390 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on IOT. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Wells Fargo & Company raised their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, Morgan Stanley decreased their price objective on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $50.00.

Samsara Stock Up 0.5%

NYSE:IOT traded up $0.21 during mid-day trading on Monday, reaching $39.42. 1,922,795 shares of the company were exchanged, compared to its average volume of 3,788,740. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a market cap of $22.44 billion, a PE ratio of -83.73 and a beta of 1.74. The company has a fifty day moving average of $42.29 and a 200 day moving average of $44.84.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative net margin of 21.80% and a negative return on equity of 19.44%. The business had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same quarter last year, the business posted $0.03 earnings per share. Samsara's revenue for the quarter was up 30.7% compared to the same quarter last year. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 10,451 shares of Samsara stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.23, for a total value of $430,894.73. Following the completion of the sale, the insider now directly owns 395,646 shares in the company, valued at $16,312,484.58. This trade represents a 2.57% 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 the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the company's 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 disclosure for this sale can be found here. Insiders sold a total of 2,060,283 shares of company stock worth $86,586,131 over the last 90 days. 46.49% of the stock is owned by insiders.

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.