23,700 Shares in Samsara Inc. (NYSE:IOT) Acquired by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in Samsara Inc. (NYSE:IOT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 23,700 shares of the company’s stock, valued at approximately $745,000.

A number of other institutional investors have also recently modified their holdings of IOT. Resources Management Corp CT ADV lifted its holdings in shares of Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the last quarter. Quarry LP bought a new position in shares of Samsara in the 4th quarter worth about $37,000. National Bank of Canada FI acquired a new position in shares of Samsara in the 2nd quarter valued at about $38,000. UniSuper Management Pty Ltd bought a new stake in shares of Samsara during the 1st quarter valued at about $94,000. Finally, Montag A & Associates Inc. grew its position in shares of Samsara by 102.6% during the 1st quarter. Montag A & Associates Inc. now owns 2,634 shares of the company’s stock worth $100,000 after buying an additional 1,334 shares during the period. 89.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total transaction of $51,709.83. Following the sale, the chief accounting officer now owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $34.76, for a total value of $3,336,960.00. Following the completion of the transaction, the chief executive officer now owns 1,370,299 shares in the company, valued at $47,631,593.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,919,287 shares of company stock worth $79,619,695. 60.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on IOT shares. BMO Capital Markets raised their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their target price on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley increased their target price on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, TD Cowen lifted their price objective on Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Samsara Trading Down 2.9 %

Samsara stock opened at $46.73 on Wednesday. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $50.07. The firm has a market cap of $25.74 billion, a P/E ratio of -93.46 and a beta of 1.50. The firm has a 50-day moving average of $42.00 and a 200-day moving average of $37.57.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 36.9% compared to the same quarter last year. Research analysts forecast 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.