Universal Beteiligungs und Servicegesellschaft mbH Purchases 25,919 Shares of Samsara Inc. (NYSE:IOT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Samsara Inc. by 102.9%, acquiring 25,919 shares, bringing its total ownership to 51,100 shares valued at approximately $1,959,000.
• Other institutional investors have also significantly increased their positions in Samsara, with Jennison Associates LLC boosting its holdings by 1,881.8% to over 11.7 million shares.
• Wall Street analysts have mixed ratings on the stock, with a consensus rating of “Hold” and an average price target of $50.64, while some researchers have set price objectives ranging from $45.00 to $54.00.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Samsara Inc. (NYSE:IOT - Free Report) by 102.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,100 shares of the company's stock after acquiring an additional 25,919 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Samsara were worth $1,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IOT. Jennison Associates LLC grew its holdings in shares of Samsara by 1,881.8% during the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. FMR LLC increased its holdings in shares of Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after buying an additional 2,852,575 shares during the period. Norges Bank purchased a new position in shares of Samsara in the fourth quarter worth about $106,274,000. Franklin Resources Inc. increased its holdings in shares of Samsara by 577.7% in the fourth quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company's stock worth $63,736,000 after buying an additional 1,243,561 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Samsara by 2,635,339.0% in the first quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock worth $41,418,000 after buying an additional 1,080,489 shares during the period. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company lifted their price objective on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. BMO Capital Markets lifted their price objective on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.64.

Samsara Trading Down 1.8%

IOT opened at $38.53 on Thursday. The stock has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $43.03. The company has a market cap of $21.94 billion, a price-to-earnings ratio of -175.14 and a beta of 1.63. 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 posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (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 firm's quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

Insider Transactions at Samsara

In other news, insider Adam Eltoukhy sold 10,083 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $38.77, for a total value of $390,917.91. Following the sale, the insider directly owned 358,720 shares of the company's stock, valued at $13,907,574.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Bicket sold 45,952 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $38.67, for a total value of $1,776,963.84. Following the completion of the sale, the insider directly owned 1,395,347 shares in the company, valued at approximately $53,958,068.49. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,691,872 shares of company stock valued at $111,982,470 in the last ninety days. 46.49% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding IOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Samsara Inc. (NYSE:IOT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.