19,859 Shares in Samsara Inc. (NYSE:IOT) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new stake in Samsara Inc. (NYSE:IOT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,859 shares of the company’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after acquiring an additional 18,400 shares in the last quarter. International Assets Investment Management LLC increased its position in Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after acquiring an additional 10,452 shares in the last quarter. Bank of Montreal Can acquired a new stake in Samsara in the 2nd quarter valued at about $537,000. Magnetar Financial LLC acquired a new stake in Samsara in the 2nd quarter valued at about $1,240,000. Finally, RFG Advisory LLC increased its position in Samsara by 41.5% in the 2nd quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock valued at $421,000 after acquiring an additional 3,662 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IOT shares. Truist Financial raised their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their target price on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. BMO Capital Markets raised their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. TD Cowen raised their target price on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Piper Sandler raised their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus price target of $45.67.

Insider Buying and Selling at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total value of $14,894,042.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 93,107 shares of Samsara stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $39.92, for a total transaction of $3,716,831.44. Following the completion of the sale, the chief executive officer now owns 76,800 shares in the company, valued at $3,065,856. This trade represents a 54.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,658,501 shares of company stock valued at $76,995,090. 60.04% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

Shares of IOT opened at $55.50 on Tuesday. Samsara Inc. has a twelve month low of $26.13 and a twelve month high of $57.51. The firm’s 50 day moving average price is $49.43 and its two-hundred day moving average price is $41.56. The firm has a market cap of $30.88 billion, a P/E ratio of -115.63 and a beta of 1.52.

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

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.