1,100 Shares in Samsara Inc. (NYSE:IOT) Purchased by National Bank of Canada FI

National Bank of Canada FI bought a new position in Samsara Inc. (NYSE:IOT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the company’s stock, valued at approximately $38,000.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Samsara in the 4th quarter valued at $37,000. Tradition Wealth Management LLC bought a new position in Samsara in the fourth quarter valued at about $46,000. Ulland Investment Advisors LLC increased its position in Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after purchasing an additional 500 shares during the period. UniSuper Management Pty Ltd bought a new stake in Samsara during the 1st quarter worth about $94,000. Finally, Montag A & Associates Inc. lifted its position in Samsara by 102.6% during the 1st quarter. Montag A & Associates Inc. now owns 2,634 shares of the company’s stock valued at $100,000 after purchasing an additional 1,334 shares during the period. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Samsara

In other Samsara news, insider Lara Caimi sold 7,508 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $46.42, for a total value of $348,521.36. Following the completion of the sale, the insider now owns 1,093,535 shares of the company’s stock, valued at approximately $50,761,894.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Samsara news, insider Lara Caimi sold 7,508 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $46.42, for a total transaction of $348,521.36. Following the sale, the insider now directly owns 1,093,535 shares in the company, valued at $50,761,894.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $29.49, for a total transaction of $2,831,040.00. Following the completion of the transaction, the chief executive officer now owns 1,466,299 shares of the company’s stock, valued at $43,241,157.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,858,859 shares of company stock worth $73,525,632. Corporate insiders own 60.04% of the company’s stock.

Samsara Price Performance

Shares of IOT opened at $47.44 on Monday. The company’s 50-day moving average is $39.21 and its 200-day moving average is $36.55. The firm has a market capitalization of $26.13 billion, a PE ratio of -94.88 and a beta of 1.50. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $47.68.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) EPS. Analysts predict that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IOT shares. Truist Financial increased their price objective on shares of Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 6th. Loop Capital raised their price target on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Sandler upped their price objective on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Royal Bank of Canada raised their target price on Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Morgan Stanley upped their price target on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.07.

Samsara Company 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.