Samsara Inc. (NYSE:IOT) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 14.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,894 shares of the company's stock after buying an additional 7,980 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Samsara were worth $2,449,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IOT. NewEdge Advisors LLC grew its holdings in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 414 shares during the period. Jones Financial Companies Lllp bought a new position in Samsara in the 4th quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Samsara in the 1st quarter worth $31,000. IFP Advisors Inc increased its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after buying an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Samsara during the fourth quarter valued at about $38,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on IOT shares. Wells Fargo & Company lifted their target price on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Morgan Stanley reduced their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report 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. Evercore ISI set a $45.00 target price on Samsara in a research report on Wednesday, June 25th. Finally, BMO Capital Markets raised their price target on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Samsara presently has an average rating of "Hold" and an average target price of $50.64.

Samsara Stock Down 0.1%

Shares of IOT traded down $0.03 during trading hours on Monday, reaching $39.08. 4,005,820 shares of the company traded hands, compared to its average volume of 3,997,925. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock's fifty day moving average price is $42.74 and its 200 day moving average price is $43.78.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. During the same period last year, the company posted $0.03 earnings per share. The company's quarterly revenue was up 30.7% compared to the same quarter last year. Equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 170,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the completion of the sale, the insider owned 367,642 shares in the company, valued at $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Eltoukhy sold 10,083 shares of Samsara stock in a transaction on Friday, June 27th. The shares were sold at an average price of $39.89, for a total value of $402,210.87. Following the completion of the transaction, the insider owned 358,720 shares in the company, valued at $14,309,340.80. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,362,323 shares of company stock valued at $98,213,010 over the last quarter. 46.49% of the stock is owned by company 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.