Charles Schwab Investment Management Inc. Purchases 79,773 Shares of Samsara Inc. (NYSE:IOT)

Charles Schwab Investment Management Inc. boosted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 969,429 shares of the company's stock after purchasing an additional 79,773 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.18% of Samsara worth $32,360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning acquired a new position in shares of Samsara during the third quarter worth about $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Samsara in the 4th quarter valued at approximately $854,000. Principal Financial Group Inc. boosted its stake 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 valued at $18,796,000 after buying an additional 640,321 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Samsara by 54.9% during 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 during the period. Finally, Qsemble Capital Management LP purchased a new position in Samsara in the third quarter worth $1,102,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the topic of a number of recent analyst reports. Loop Capital started coverage on shares of Samsara in a research note on Thursday, April 18th. They set a "buy" rating and a $42.00 price target on the stock. StockNews.com cut shares of Samsara from a "hold" rating to a "sell" rating in a report on Friday, May 17th. 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. Based on data from MarketBeat.com, Samsara currently has an average rating of "Hold" and a consensus target price of $32.60.

Samsara Trading Down 1.2 %

Shares of Samsara stock traded down $0.48 during trading on Wednesday, hitting $40.47. 1,578,976 shares of the company were exchanged, compared to its average volume of 3,475,275. The firm has a 50 day moving average price of $36.17 and a 200 day moving average price of $33.44. Samsara Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $42.28.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $276.27 million for 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%. Sell-side analysts anticipate that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Samsara 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 value of $2,710,739.08. Following the completion of the transaction, the chief executive officer now directly owns 385,993 shares in the company, valued at approximately $13,023,403.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sanjit Biswas sold 80,342 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $33.74, for a total value of $2,710,739.08. Following the sale, the chief executive officer now directly owns 385,993 shares of the company's stock, valued at $13,023,403.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 72,300 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 194,735 shares in the company, 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 valued at $62,994,825 in the last ninety days. Insiders own 66.14% of the company's stock.

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.