251,098 Shares in Samsara Inc. (NYSE:IOT) Bought by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. 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 filing with the Securities and Exchange Commission. The institutional investor acquired 251,098 shares of the company's stock, valued at approximately $8,382,000. Samsara makes up 2.7% of Wealth Dimensions Group Ltd.'s investment portfolio, making the stock its 11th largest holding.

Several other large investors also recently made changes to their positions in the stock. Fred Alger Management LLC bought a new stake in Samsara in the third quarter valued at approximately $28,000. Montag A & Associates Inc. lifted its holdings in Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company's stock valued at $43,000 after purchasing an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 during the period. a16z Perennial Management L.P. acquired a new position in shares of Samsara in the fourth quarter valued at $86,000. Finally, International Assets Investment Management LLC bought a new position in shares of Samsara in the fourth quarter valued at about $162,000. Institutional investors and hedge funds own 89.39% of the company's stock.

Insider Buying and Selling at Samsara

In related news, CEO Sanjit Biswas sold 80,342 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $33.74, for a total transaction of $2,710,739.08. Following the sale, the chief executive officer now owns 385,993 shares in the company, valued at approximately $13,023,403.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sanjit Biswas sold 80,342 shares of Samsara stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $33.74, for a total transaction of $2,710,739.08. Following the sale, the chief executive officer now directly owns 385,993 shares in the company, valued at approximately $13,023,403.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 72,300 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $38.71, for a total transaction of $2,798,733.00. Following the transaction, the insider now directly owns 194,735 shares of the company's stock, valued at approximately $7,538,191.85. The disclosure for this sale can be found here. Insiders have sold 1,751,603 shares of company stock worth $62,994,825 over the last quarter. Corporate insiders own 66.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IOT. StockNews.com lowered shares of Samsara from a "hold" rating to a "sell" rating in a research note on Friday. Loop Capital assumed coverage on Samsara in a research note on Thursday, April 18th. They set a "buy" rating and a $42.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Samsara presently has a consensus rating of "Hold" and a consensus target price of $32.60.

Samsara Stock Performance

Shares of Samsara stock traded down $0.19 during trading on Tuesday, reaching $40.95. 1,366,105 shares of the company's stock were exchanged, compared to its average volume of 3,494,622. The firm's 50-day moving average price is $36.17 and its 200 day moving average price is $33.44. The company has a market cap of $22.54 billion, a P/E ratio of -77.26 and a beta of 1.58. Samsara Inc. has a 1-year low of $18.24 and a 1-year high of $42.28.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to analysts' expectations 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 predict that Samsara Inc. will post -0.4 EPS for the current year.

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.