Samsara Inc. (NYSE:IOT) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Samsara Inc. (NYSE:IOT) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,699 shares of the company’s stock after buying an additional 242 shares during the period. Creative Planning’s holdings in Samsara were worth $7,107,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Samsara by 18.1% during the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock worth $924,499,000 after acquiring an additional 4,207,974 shares during the period. 1832 Asset Management L.P. raised its position in Samsara by 102.1% in the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after purchasing an additional 3,853,400 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 2,797,326 shares during the period. Vanguard Group Inc. grew its position in shares of Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after buying an additional 1,841,149 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Samsara during the second quarter worth approximately $29,464,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. BNP Paribas initiated coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Evercore ISI raised their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. BMO Capital Markets upped 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. Finally, TD Cowen increased their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus target price of $43.31.

Samsara Price Performance

Shares of Samsara stock opened at $47.28 on Thursday. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of -94.14 and a beta of 1.52. The firm’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $38.83. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $51.53.

Samsara (NYSE:IOT) last announced 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. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The business’s revenue was up 36.9% compared to the same quarter last year. Analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 65,632 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $36.82, for a total transaction of $2,416,570.24. Following the completion of the sale, the insider now owns 1,478,408 shares in the company, valued at $54,434,982.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Samsara news, CAO James Andrew Munk sold 1,093 shares of Samsara 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 owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Bicket sold 65,632 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $36.82, for a total value of $2,416,570.24. Following the transaction, the insider now directly owns 1,478,408 shares of the company’s stock, valued at approximately $54,434,982.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,849,061 shares of company stock worth $80,282,052. 60.04% of the stock is currently owned by insiders.

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.