SlateStone Wealth LLC bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,000 shares of the company's stock, valued at approximately $901,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company's stock worth $53,000 after buying an additional 381 shares during the last quarter. Ulland Investment Advisors LLC raised its stake in shares of Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company's stock worth $38,000 after buying an additional 600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Samsara by 1.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 46,181 shares of the company's stock worth $1,164,000 after buying an additional 807 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Samsara by 1.5% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 65,745 shares of the company's stock worth $1,657,000 after buying an additional 951 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new position in shares of Samsara during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 89.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on IOT shares. Loop Capital started coverage on Samsara in a research note on Thursday, April 18th. They set a "buy" rating and a $42.00 price target for the company. StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.
Read Our Latest Research Report on Samsara
Insider Buying and Selling at Samsara
In other news, CEO Sanjit Biswas sold 92,216 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the completion of the sale, the chief executive officer now owns 662,119 shares in the company, valued at approximately $21,141,459.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Adam Eltoukhy sold 10,422 shares of the business's stock in a transaction dated Monday, April 15th. The stock was 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 in the company, valued at approximately $16,471,886.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 92,216 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total value of $2,944,456.88. Following the sale, the chief executive officer now owns 662,119 shares of the company's stock, valued at approximately $21,141,459.67. The disclosure for this sale can be found here. Insiders sold 1,601,460 shares of company stock worth $55,157,505 in the last 90 days. 66.14% of the stock is owned by company insiders.
Samsara Trading Up 7.5 %
IOT traded up $2.36 during midday trading on Tuesday, hitting $33.71. The company's stock had a trading volume of 4,891,621 shares, compared to its average volume of 3,669,748. The firm has a market cap of $18.56 billion, a P/E ratio of -63.60 and a beta of 1.56. The firm has a 50-day moving average price of $34.69 and a two-hundred day moving average price of $31.38. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $276.27 million during the quarter, compared to analysts' expectations of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. On average, equities analysts expect that Samsara Inc. will post -0.4 EPS for the current year.
Samsara Profile
(
Free Report)
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.
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