Samsara Inc. (NYSE:IOT) Shares Acquired by Sands Capital Ventures LLC

Sands Capital Ventures LLC increased its holdings in shares of Samsara Inc. (NYSE:IOT) by 18.7% during the second quarter, HoldingsChannel.com reports. The fund owned 4,239 shares of the company’s stock after buying an additional 669 shares during the period. Samsara accounts for about 0.0% of Sands Capital Ventures LLC’s holdings, making the stock its 16th largest holding. Sands Capital Ventures LLC’s holdings in Samsara were worth $143,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IOT. Quarry LP purchased a new position in shares of Samsara during the 4th quarter worth approximately $37,000. National Bank of Canada FI acquired a new position in Samsara during the second quarter worth $38,000. Tradition Wealth Management LLC purchased a new position in shares of Samsara during the fourth quarter worth $46,000. Ulland Investment Advisors LLC grew its stake in shares of Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after buying an additional 500 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in Samsara during the 1st quarter worth about $94,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Trading Up 3.8 %

Shares of NYSE:IOT opened at $49.42 on Friday. The firm has a 50 day simple moving average of $40.39 and a 200-day simple moving average of $36.97. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $49.56. The company has a market capitalization of $27.22 billion, a PE ratio of -98.84 and a beta of 1.50.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for 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 business’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, equities research analysts predict that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total transaction of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at $15,123,445.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.06, for a total transaction of $14,894,042.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the sale, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at $15,123,445.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,049,232 shares of company stock worth $82,346,868. 60.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital lifted their target price on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Truist Financial increased their price objective on Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Morgan Stanley increased their price target on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

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.