Natixis Advisors LLC Takes $715,000 Position in Samsara Inc. (NYSE:IOT)

Natixis Advisors LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,664 shares of the company's stock, valued at approximately $715,000.

A number of other hedge funds have also recently added to or reduced their stakes in IOT. Arkadios Wealth Advisors raised its holdings in Samsara by 8.7% in the first quarter. Arkadios Wealth Advisors now owns 39,496 shares of the company's stock worth $1,514,000 after purchasing an additional 3,146 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Samsara in the first quarter valued at approximately $377,000. Federated Hermes Inc. acquired a new position in Samsara during the first quarter worth $27,828,000. Brio Consultants LLC acquired a new position in Samsara during the first quarter worth $648,000. Finally, Foundations Investment Advisors LLC acquired a new position in Samsara during the first quarter worth $886,000. Institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on IOT. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a report on Saturday. Piper Sandler reissued an "overweight" rating and issued a $47.00 target price (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. BMO Capital Markets raised their target price on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, June 2nd. Morgan Stanley dropped their price objective on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $50.21.

Samsara Stock Up 0.8%

NYSE IOT traded up $0.26 on Wednesday, reaching $32.95. The company had a trading volume of 6,846,905 shares, compared to its average volume of 4,693,835. The stock has a market capitalization of $18.76 billion, a P/E ratio of -149.77 and a beta of 1.62. The company's fifty day moving average is $38.91 and its 200 day moving average is $42.32. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The business's revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, research analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

Insider Transactions at Samsara

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total transaction of $16,491,744.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 2,926,739 shares of company stock worth $119,969,024 over the last 90 days. 46.49% of the stock is owned by 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.