Samsara Inc. (NYSE:IOT) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA trimmed its holdings in Samsara Inc. (NYSE:IOT) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,761 shares of the company’s stock after selling 4,949 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Samsara were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the period. 1832 Asset Management L.P. raised its holdings in Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after buying an additional 3,853,400 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Samsara by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after purchasing an additional 2,797,326 shares during the period. Vanguard Group Inc. increased its holdings in shares of Samsara by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Samsara in the 2nd quarter valued at about $29,464,000. 89.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the topic of a number of research reports. Loop Capital upped their target price on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. TD Cowen increased their price objective on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Craig Hallum assumed coverage on Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Wells Fargo & Company increased their price objective on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.20.

Samsara Trading Down 2.7 %

Shares of NYSE IOT opened at $49.51 on Monday. The business has a fifty day simple moving average of $48.61 and a 200 day simple moving average of $40.93. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of -103.15 and a beta of 1.52. Samsara Inc. has a one year low of $25.76 and a one year high of $53.98.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. Samsara’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Samsara

In related news, CEO Sanjit Biswas sold 64,188 shares of Samsara stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total value of $3,047,646.24. Following the sale, the chief executive officer now owns 41,272 shares of the company’s stock, valued at approximately $1,959,594.56. This trade represents a 60.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bicket sold 78,128 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28. Following the transaction, the insider now directly owns 1,273,912 shares in the company, valued at $51,606,175.12. This trade represents a 5.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,730 shares of company stock worth $84,375,885 over the last 90 days. Insiders own 60.04% 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.