149,993 Shares in Samsara Inc. (NYSE:IOT) Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new position in Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 149,993 shares of the company's stock, valued at approximately $5,007,000. Samsara comprises approximately 4.0% of Rakuten Securities Inc.'s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds also recently made changes to their positions in IOT. Charles Schwab Investment Management Inc. increased its position in shares of Samsara by 40.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company's stock worth $22,428,000 after acquiring an additional 254,473 shares in the last quarter. Creative Planning purchased a new position in shares of Samsara in the third quarter worth approximately $5,878,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Samsara in the fourth quarter worth approximately $854,000. Principal Financial Group Inc. increased its position in shares of Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company's stock worth $18,796,000 after acquiring an additional 640,321 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Samsara by 54.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company's stock worth $2,656,000 after acquiring an additional 37,316 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company's stock.

Samsara Price Performance

IOT traded up $0.02 on Wednesday, reaching $30.96. 2,503,729 shares of the company traded hands, compared to its average volume of 3,686,015. The stock's 50 day moving average price is $34.91 and its 200-day moving average price is $31.15. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54. The company has a market cap of $17.04 billion, a price-to-earnings ratio of -58.42 and a beta of 1.56.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. As a group, equities research analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of Samsara stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the sale, the insider now directly owns 535,149 shares in the company, valued at $16,471,886.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Samsara news, CEO Sanjit Biswas sold 57,749 shares of Samsara stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,933,436.52. Following the completion of the sale, the chief executive officer now directly owns 1,250,172 shares in the company, valued at $41,855,758.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 10,422 shares of Samsara stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the sale, the insider now owns 535,149 shares of the company's stock, valued at $16,471,886.22. The disclosure for this sale can be found here. Insiders sold 1,601,460 shares of company stock worth $55,327,425 over the last ninety days. 66.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Samsara currently has a consensus rating of "Hold" and an average price target of $31.56.

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.