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

Wealth Dimensions Group Ltd. cut its position 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 and Exchange Commission (SEC). The fund owned 156,698 shares of the company's stock after selling 44,900 shares during the period. Samsara accounts for 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in shares of Samsara by 4.6% during the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after acquiring an additional 281 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Samsara by 32.1% in the 4th quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after purchasing an additional 282 shares during the period. Cim LLC boosted its position in shares of Samsara by 1.3% in the 4th quarter. Cim LLC now owns 31,164 shares of the company's stock valued at $1,362,000 after purchasing an additional 386 shares during the period. NewEdge Advisors LLC boosted its position in shares of Samsara by 262.0% in the 4th 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 period. Finally, Wellington Management Group LLP boosted its position in shares of Samsara by 7.3% in the 4th quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock valued at $373,000 after purchasing an additional 579 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 56,113 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $39.22, for a total value of $2,200,751.86. Following the completion of the sale, the insider directly owned 1,532,347 shares in the company, valued at approximately $60,098,649.34. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dominic Phillips sold 47,334 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $39.21, for a total transaction of $1,855,966.14. Following the transaction, the insider directly owned 793,735 shares in the company, valued at approximately $31,122,349.35. The trade was a 5.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,372,323 shares of company stock valued at $99,857,542 over the last quarter. Company insiders own 46.49% of the company's stock.

Samsara Stock Down 0.7%

NYSE IOT traded down $0.25 on Tuesday, hitting $37.90. The company's stock had a trading volume of 4,103,881 shares, compared to its average volume of 4,052,952. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The company's 50-day moving average is $42.16 and its 200 day moving average is $43.33. The firm has a market cap of $21.57 billion, a PE ratio of -172.25 and a beta of 1.63.

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

Analyst Ratings Changes

Several research firms recently weighed in on IOT. Piper Sandler set a $53.00 price objective on Samsara and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Morgan Stanley dropped their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets raised their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company raised their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.64.

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.