Bessemer Group Inc. increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 2,635,339.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,530 shares of the company's stock after acquiring an additional 1,080,489 shares during the period. Bessemer Group Inc. owned approximately 0.19% of Samsara worth $41,418,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock worth $916,555,000 after acquiring an additional 863,197 shares during the period. FMR LLC lifted its stake in Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after buying an additional 2,148,081 shares in the last quarter. Invesco Ltd. lifted its stake in Samsara by 13.7% in the 4th quarter. Invesco Ltd. now owns 3,476,945 shares of the company's stock valued at $151,908,000 after buying an additional 419,163 shares in the last quarter. Finally, Amundi lifted its stake in Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after buying an additional 547,390 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Insider Transactions at Samsara
In other 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 now directly owns 367,642 shares in the company, valued at $14,492,447.64. This represents a 31.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Marc L. Andreessen sold 399,026 shares of the stock in a transaction on Tuesday, June 10th. The shares were 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 sold a total of 2,373,397 shares of company stock worth $98,622,593 in the last ninety days. Insiders own 46.49% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on IOT shares. Cowen reaffirmed a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Royal Bank Of Canada reduced 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. Morgan Stanley reduced their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler set a $53.00 target price on Samsara and gave the company an "overweight" rating in a research note on Wednesday. Finally, Evercore ISI set a $45.00 price target on Samsara in a research note on Wednesday. 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 currently has a consensus rating of "Hold" and a consensus price target of $50.64.
Read Our Latest Report on IOT
Samsara Stock Down 0.2%
Shares of IOT stock traded down $0.07 on Friday, reaching $39.65. 29,766,551 shares of the stock were exchanged, compared to its average volume of 3,950,035. The stock has a market cap of $22.57 billion, a P/E ratio of -180.23 and a beta of 1.74. The firm has a 50 day moving average of $42.56 and a two-hundred day moving average of $43.99. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.
Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The business 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 period in the prior year, the firm posted $0.03 EPS. On average, equities research analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.
About Samsara
(
Free Report)
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.
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