Jefferies Financial Group Inc. Increases Stock Holdings in Samsara Inc. (NYSE:IOT)

Key Points

• Jefferies Financial Group Inc. increased its holdings in Samsara Inc. by 106.4% during Q1, acquiring an additional 58,173 shares to own 112,856 shares worth $4,326,000.
• Insiders, including Sanjit Biswas and John Bicket, recently sold shares amounting to approximately $3.16 million, resulting in a decrease in their ownership stakes.
• Samsara's stock has shown a volatile performance, with a one-year low of $31.40 and a high of $61.90, currently trading around $36.02.

Jefferies Financial Group Inc. lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 106.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,856 shares of the company's stock after purchasing an additional 58,173 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Samsara were worth $4,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 414 shares in the last quarter. Keystone Financial Group Inc. raised its holdings in shares of Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Samsara in the first quarter valued at about $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara in the fourth quarter valued at about $38,000. Finally, CWM LLC raised its holdings in shares of Samsara by 385.3% in the first quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Up 4.5%

Shares of IOT stock traded up $1.61 during trading hours on Monday, hitting $37.62. 2,632,722 shares of the company's stock were exchanged, compared to its average volume of 3,986,727. The firm has a market cap of $21.41 billion, a P/E ratio of -170.98 and a beta of 1.62. The firm has a 50 day moving average of $40.50 and a two-hundred day moving average of $42.90. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same period in the prior year, the company earned $0.03 EPS. The firm's revenue was up 30.7% compared to the same quarter last year. On average, equities analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IOT shares. Evercore ISI set a $45.00 target price on shares of Samsara in a report on Wednesday, June 25th. Wells Fargo & Company boosted their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets upped 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. Finally, Morgan Stanley dropped their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $50.64.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 10,083 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.77, for a total value of $390,917.91. Following the completion of the sale, the insider directly owned 358,720 shares in the company, valued at $13,907,574.40. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 45,952 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $38.67, for a total value of $1,776,963.84. Following the completion of the sale, the insider owned 1,395,347 shares of the company's stock, valued at approximately $53,958,068.49. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,691,872 shares of company stock worth $111,982,470 in the last three months. 46.49% of the stock is owned by corporate insiders.

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.