Consolidated Portfolio Review Corp bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,834 shares of the company's stock, valued at approximately $1,291,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. grew its holdings in shares of Samsara by 18.1% in the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company's stock valued at $924,499,000 after purchasing an additional 4,207,974 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of 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 last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Samsara by 18.8% during 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 buying an additional 2,797,326 shares during the period. Vanguard Group Inc. lifted its holdings in Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company's stock valued at $646,253,000 after acquiring an additional 1,841,149 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Samsara during the second quarter worth $29,464,000. 89.39% of the stock is owned by institutional investors and hedge funds.
NYSE IOT traded down $0.58 during trading hours on Friday, hitting $47.69. The company had a trading volume of 1,689,283 shares, compared to its average volume of 2,506,674. The business has a 50 day moving average of $45.93 and a 200-day moving average of $39.05. The company has a market cap of $26.27 billion, a PE ratio of -95.38 and a beta of 1.52. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $51.53.
Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $300.20 million for 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%. The firm's revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Sell-side analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.
In other 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Samsara 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 stock was sold at an average price of $45.06, for a total value of $14,894,042.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 9,308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the transaction, the insider now directly owns 396,784 shares of the company's stock, valued at approximately $20,093,141.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,945,061 shares of company stock worth $84,802,692. 60.04% of the stock is owned by company insiders.
IOT has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Samsara from $40.00 to $44.00 and gave the stock a "market perform" rating in a research report on Friday, September 6th. Piper Sandler upped their price objective on shares of Samsara from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Wolfe Research reiterated an "outperform" rating and issued a $44.00 target price on shares of Samsara in a report on Friday, June 28th. Royal Bank of Canada upped their price target on Samsara from $47.00 to $49.00 and gave the stock an "outperform" rating in a research note on Friday, September 6th. Finally, Craig Hallum initiated coverage on Samsara in a research note on Tuesday. They issued a "hold" rating and a $48.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $44.20.
Check Out Our Latest Analysis on 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.
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