Bessemer Group Inc. Has $41.42 Million Stock Position in Samsara Inc. (NYSE:IOT)

Bessemer Group Inc. boosted its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 2,635,339.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080,530 shares of the company's stock after acquiring an additional 1,080,489 shares during the quarter. Bessemer Group Inc. owned 0.19% of Samsara worth $41,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in shares of Samsara by 18.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 154,049 shares of the company's stock valued at $5,920,000 after purchasing an additional 24,307 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Samsara in the first quarter valued at approximately $342,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Samsara by 47.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,407 shares of the company's stock valued at $361,000 after buying an additional 3,007 shares during the last quarter. Praxis Investment Management Inc. boosted its stake in shares of Samsara by 24.7% during the 1st quarter. Praxis Investment Management Inc. now owns 6,920 shares of the company's stock worth $265,000 after acquiring an additional 1,370 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Samsara by 12.7% during the 1st quarter. Blue Trust Inc. now owns 8,076 shares of the company's stock worth $310,000 after acquiring an additional 911 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the sale, the insider now owns 78,000 shares of the company's stock, valued at approximately $3,087,240. The trade was a 67.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Bicket sold 170,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 367,642 shares of the company's stock, valued at $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,373,397 shares of company stock valued at $98,622,593. Corporate insiders own 46.49% of the company's stock.

Analysts Set New Price Targets

IOT has been the subject of several research reports. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Royal Bank Of Canada lowered their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Samsara currently has an average rating of "Moderate Buy" and a consensus target price of $50.20.

Samsara Price Performance

IOT traded down $0.07 on Friday, hitting $39.65. 29,766,551 shares of the stock were exchanged, compared to its average volume of 3,972,847. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of -180.23 and a beta of 1.74. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The business has a 50-day moving average of $42.52 and a two-hundred day moving average of $44.06.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.03 EPS. The firm's revenue for the quarter was up 30.7% on a year-over-year basis. Equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

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.