Dakota Wealth Management Grows Stake in Samsara Inc. (NYSE:IOT)

Dakota Wealth Management boosted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 61.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,260 shares of the company's stock after buying an additional 25,863 shares during the quarter. Dakota Wealth Management's holdings in Samsara were worth $2,580,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janney Capital Management LLC lifted its position in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company's stock valued at $345,000 after acquiring an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company's stock valued at $53,000 after purchasing an additional 381 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Samsara by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company's stock worth $2,216,000 after purchasing an additional 644 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Samsara by 1.8% during the third 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 in the last quarter. Finally, Quarry LP acquired a new stake in shares of Samsara in the fourth quarter valued at about $37,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IOT. Loop Capital initiated coverage on shares of Samsara in a research note on Thursday, April 18th. They set a "buy" rating and a $42.00 price objective for the company. StockNews.com cut Samsara from a "hold" rating to a "sell" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.60.

Samsara Price Performance

Shares of IOT stock traded up $0.24 during trading hours on Monday, hitting $41.14. The company had a trading volume of 1,754,737 shares, compared to its average volume of 3,516,558. Samsara Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $42.28. The company's fifty day moving average is $36.13 and its 200 day moving average is $33.33. The stock has a market capitalization of $22.65 billion, a PE ratio of -77.62 and a beta of 1.58.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. Equities analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current year.

Insider Activity

In related news, CAO James Andrew Munk sold 4,059 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total transaction of $148,031.73. Following the sale, the chief accounting officer now directly owns 303,126 shares in the company, valued at $11,055,005.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Adam Eltoukhy sold 72,300 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $38.71, for a total transaction of $2,798,733.00. Following the completion of the transaction, the insider now directly owns 194,735 shares of the company's stock, valued at approximately $7,538,191.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO James Andrew Munk sold 4,059 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total value of $148,031.73. Following the completion of the transaction, the chief accounting officer now directly owns 303,126 shares of the company's stock, valued at $11,055,005.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,751,603 shares of company stock worth $62,994,825. Corporate insiders own 66.14% of the company's stock.

Samsara 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.

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