Samsara Inc. (NYSE:IOT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 89.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,909 shares of the company's stock after selling 91,525 shares during the quarter. Russell Investments Group Ltd.'s holdings in Samsara were worth $364,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IOT. Charles Schwab Investment Management Inc. grew its holdings in Samsara by 40.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company's stock valued at $22,428,000 after purchasing an additional 254,473 shares during the period. Creative Planning purchased a new stake in Samsara in the 3rd quarter worth about $5,878,000. CHURCHILL MANAGEMENT Corp bought a new stake in Samsara in the 4th quarter valued at about $854,000. Principal Financial Group Inc. raised its stake in Samsara by 608.4% in the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company's stock valued at $18,796,000 after acquiring an additional 640,321 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted 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 valued at $2,656,000 after purchasing an additional 37,316 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider John Bicket sold 87,784 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $39.89, for a total transaction of $3,501,703.76. Following the transaction, the insider now owns 2,140,678 shares of the company's stock, valued at approximately $85,391,645.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Adam Eltoukhy sold 72,300 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $38.71, for a total value of $2,798,733.00. Following the sale, the insider now directly owns 194,735 shares of the company's stock, valued at $7,538,191.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Bicket sold 87,784 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $39.89, for a total value of $3,501,703.76. Following the transaction, the insider now owns 2,140,678 shares of the company's stock, valued at approximately $85,391,645.42. The disclosure for this sale can be found here. Insiders sold 1,751,603 shares of company stock worth $62,994,825 in the last quarter. 66.14% of the stock is owned by insiders.

Samsara Stock Down 2.4 %

NYSE:IOT traded down $0.98 during trading hours on Thursday, hitting $39.48. The stock had a trading volume of 2,378,672 shares, compared to its average volume of 3,464,319. The company has a 50 day simple moving average of $36.21 and a two-hundred day simple moving average of $33.49. Samsara Inc. has a one year low of $18.24 and a one year high of $42.28.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The firm had revenue of $276.27 million for the quarter, compared to analysts' expectations of $258.56 million. Analysts anticipate that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital started coverage on shares of Samsara in a research note on Thursday, April 18th. They issued a "buy" rating and a $42.00 target price for the company. StockNews.com lowered shares of Samsara from a "hold" rating to a "sell" rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $32.60.

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.