US Bancorp DE Has $798,000 Holdings in Samsara Inc. (NYSE:IOT)

US Bancorp DE raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 294.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,832 shares of the company's stock after acquiring an additional 15,549 shares during the period. US Bancorp DE's holdings in Samsara were worth $798,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after buying an additional 414 shares in the last quarter. Keystone Financial Group Inc. raised its stake in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Samsara in the 1st quarter worth $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara in the 4th quarter worth $38,000. Finally, CWM LLC raised its stake in shares of Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after buying an additional 836 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Trading Up 0.8%

IOT stock traded up $0.26 during midday trading on Wednesday, reaching $32.95. The company had a trading volume of 6,846,905 shares, compared to its average volume of 4,693,835. The company has a 50 day moving average of $38.91 and a two-hundred day moving average of $42.32. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The company has a market capitalization of $18.76 billion, a P/E ratio of -149.77 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 11.14% and a negative net margin of 9.04%. The business had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same period last year, the company earned $0.03 earnings per share. Samsara's quarterly revenue was up 30.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Transactions at Samsara

In other Samsara news, insider John Bicket sold 170,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the transaction, the insider owned 367,642 shares in the company, valued at $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total value of $6,332,800.00. Following the completion of the transaction, the insider owned 78,000 shares in the company, valued at $3,087,240. This trade represents a 67.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,926,739 shares of company stock worth $119,969,024. 46.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IOT. Morgan Stanley dropped their price objective 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. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research note on Saturday. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Piper Sandler restated an "overweight" rating and issued a $47.00 target price (down from $53.00) on shares of Samsara in a report on Thursday, August 7th. Finally, BMO Capital Markets lifted their target price on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.21.

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.