Samsara Inc. (NYSE:IOT) Stock Holdings Decreased by Cerity Partners LLC

Cerity Partners LLC cut its position in shares of 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 (SEC). The institutional investor owned 50,535 shares of the company's stock after selling 9,107 shares during the period. Cerity Partners LLC's holdings in Samsara were worth $1,937,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Alps Advisors Inc. raised its position in Samsara by 8.7% in the 1st quarter. Alps Advisors Inc. now owns 70,701 shares of the company's stock valued at $2,710,000 after purchasing an additional 5,655 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Samsara by 91.3% during the first quarter. Envestnet Asset Management Inc. now owns 92,873 shares of the company's stock worth $3,560,000 after buying an additional 44,324 shares during the period. Bank of New York Mellon Corp boosted its position in Samsara by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 782,661 shares of the company's stock valued at $29,999,000 after purchasing an additional 32,253 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Samsara by 14.3% in the first quarter. OneDigital Investment Advisors LLC now owns 63,894 shares of the company's stock valued at $2,449,000 after buying an additional 7,980 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Samsara during the first quarter worth approximately $1,457,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IOT shares. Piper Sandler set a $53.00 price target on Samsara and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Morgan Stanley decreased their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company upped their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Finally, Evercore ISI set a $45.00 price objective on Samsara in a research report on Wednesday, June 25th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.64.

Samsara Trading Down 0.6%

Shares of NYSE:IOT traded down $0.24 during mid-day trading on Thursday, hitting $38.37. 555,181 shares of the company traded hands, compared to its average volume of 4,667,806. The stock has a 50-day moving average price of $41.67 and a two-hundred day moving average price of $43.21. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock has a market cap of $21.84 billion, a P/E ratio of -174.50 and a beta of 1.63.

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

Insider Activity at Samsara

In other news, insider John Bicket sold 56,113 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $39.22, for a total transaction of $2,200,751.86. Following the sale, the insider directly owned 1,532,347 shares in the company, valued at $60,098,649.34. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $39.07, for a total value of $879,075.00. Following the completion of the transaction, the director owned 37,494 shares in the company, valued at approximately $1,464,890.58. This trade represents a 37.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,382,406 shares of company stock valued at $100,248,460 over the last 90 days. Insiders own 46.49% of the company's stock.

Samsara Company 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.