31,005 Shares in Samsara Inc. (NYSE:IOT) Acquired by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,005 shares of the company's stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fred Alger Management LLC acquired a new position in Samsara during the third quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company's stock worth $53,000 after purchasing an additional 381 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Samsara during the fourth quarter valued at about $162,000. Belpointe Asset Management LLC purchased a new stake in Samsara during the 3rd quarter worth approximately $202,000. Finally, Stonegate Investment Group LLC purchased a new position in shares of Samsara during the 4th quarter valued at approximately $229,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IOT shares. Loop Capital initiated coverage on Samsara in a research note on Thursday, April 18th. They issued a "buy" rating and a $42.00 price objective on the stock. StockNews.com upgraded shares of Samsara from a "sell" rating to a "hold" rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.60.

Insider Buying and Selling

In other Samsara news, CEO Sanjit Biswas sold 79,165 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $31.42, for a total transaction of $2,487,364.30. Following the sale, the chief executive officer now owns 38,400 shares of the company's stock, valued at $1,206,528. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Samsara news, CEO Sanjit Biswas sold 79,165 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $31.42, for a total transaction of $2,487,364.30. Following the sale, the chief executive officer now owns 38,400 shares of the company's stock, valued at $1,206,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 9,344 shares of Samsara stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.75, for a total value of $324,704.00. Following the completion of the sale, the insider now owns 431,439 shares of the company's stock, valued at $14,992,505.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,513,054 shares of company stock worth $52,452,782. Corporate insiders own 66.14% of the company's stock.

Samsara Stock Performance

NYSE IOT traded up $0.32 during trading hours on Wednesday, reaching $35.25. 3,333,838 shares of the company's stock were exchanged, compared to its average volume of 3,644,365. The company's 50-day moving average is $34.85 and its two-hundred day moving average is $31.77. Samsara Inc. has a one year low of $16.63 and a one year high of $40.54. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of -66.51 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) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The company had revenue of $276.27 million for the quarter, compared to analysts' expectations of $258.56 million. Research analysts predict that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

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.