OneDigital Investment Advisors LLC Purchases 7,980 Shares of Samsara Inc. (NYSE:IOT)

OneDigital Investment Advisors LLC boosted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,894 shares of the company's stock after buying an additional 7,980 shares during the period. OneDigital Investment Advisors LLC's holdings in Samsara were worth $2,449,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Samsara by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after purchasing an additional 47,911 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Samsara by 101.4% in the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after purchasing an additional 65,028 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Samsara by 30.4% in the fourth quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after purchasing an additional 178,102 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Samsara by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after purchasing an additional 863,197 shares in the last quarter. Finally, Amundi raised its stake in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after purchasing an additional 547,390 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IOT shares. Piper Sandler set a $53.00 price target on Samsara and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wells Fargo & Company upped their price target on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. BMO Capital Markets upped their price target on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Morgan Stanley lowered their price target 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. Finally, Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $50.64.

Samsara Trading Down 1.0%

IOT stock traded down $0.41 during mid-day trading on Tuesday, reaching $38.67. The company's stock had a trading volume of 1,352,936 shares, compared to its average volume of 3,988,181. The company has a market cap of $22.02 billion, a price-to-earnings ratio of -175.77 and a beta of 1.63. The business's 50 day moving average price is $42.72 and its 200 day moving average price is $43.74. Samsara Inc. has a 12 month low of $31.40 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $351.44 million. During the same quarter last year, the firm posted $0.03 earnings per share. The company's revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, equities analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In related news, insider Dominic Phillips sold 47,334 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $39.21, for a total transaction of $1,855,966.14. Following the completion of the sale, the insider directly owned 793,735 shares in the company, valued at $31,122,349.35. This represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Bicket sold 170,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total value of $6,701,400.00. Following the sale, the insider owned 367,642 shares of the company's stock, valued at $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,202,323 shares of company stock worth $92,630,610 in the last three months. 46.49% of the stock is currently owned by corporate 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.