Wealth Dimensions Group Ltd. Sells 44,900 Shares of Samsara Inc. (NYSE:IOT)

Wealth Dimensions Group Ltd. lessened its stake in Samsara Inc. (NYSE:IOT - Free Report) by 22.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,698 shares of the company's stock after selling 44,900 shares during the quarter. Samsara makes up about 1.4% of Wealth Dimensions Group Ltd.'s holdings, making the stock its 17th largest position. Wealth Dimensions Group Ltd.'s holdings in Samsara were worth $6,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IOT. NewEdge Advisors LLC lifted its stake in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Samsara during the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC purchased a new stake in Samsara during the 4th quarter worth about $38,000. CWM LLC boosted its stake in Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the period. Finally, National Bank of Canada FI purchased a new position in Samsara during the 4th quarter valued at about $45,000. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bicket sold 170,000 shares of Samsara 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 transaction, the insider directly owned 367,642 shares in the company, valued at approximately $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. Insiders sold 2,382,406 shares of company stock valued at $100,248,460 over the last quarter. Company insiders own 46.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Piper Sandler set a $53.00 target price on Samsara and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. BMO Capital Markets boosted 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. Morgan Stanley lowered their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Evercore ISI set a $45.00 price target on shares of Samsara in a report on Wednesday, June 25th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Samsara presently has an average rating of "Hold" and an average target price of $50.64.

Samsara Stock Performance

NYSE:IOT traded down $0.42 during trading hours on Thursday, reaching $38.20. The company's stock had a trading volume of 778,891 shares, compared to its average volume of 4,669,467. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of -173.61 and a beta of 1.63. The firm has a 50-day simple moving average of $41.67 and a 200-day simple moving average of $43.21. 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 earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The company had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. Samsara's revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. Equities analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

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.