Samsara Inc. (NYSE:IOT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Samsara Inc. (NYSE:IOT) by 12.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,851 shares of the company’s stock after purchasing an additional 7,613 shares during the quarter. Victory Capital Management Inc.’s holdings in Samsara were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after buying an additional 280 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Samsara by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after buying an additional 304 shares during the last quarter. UMB Bank n.a. grew its position in shares of Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares during the last quarter. Resources Management Corp CT ADV grew its position in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after buying an additional 490 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Samsara by 6.8% in the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after buying an additional 497 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IOT. Evercore ISI raised their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. TD Cowen upped their price target on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Piper Sandler upped their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Morgan Stanley upped their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Bank of America upped their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report 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, the stock presently has an average rating of “Hold” and a consensus target price of $45.67.

Samsara Trading Up 2.7 %

Shares of IOT stock opened at $56.35 on Friday. Samsara Inc. has a twelve month low of $26.13 and a twelve month high of $56.76. The company has a market capitalization of $31.35 billion, a PE ratio of -117.40 and a beta of 1.52. The firm has a fifty day simple moving average of $49.25 and a 200-day simple moving average of $41.43.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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 firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same period in the prior year, the firm posted ($0.11) EPS. The firm’s revenue was up 36.9% compared to the same quarter last year. Equities research analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 12,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $55.05, for a total value of $688,125.00. Following the sale, the insider now owns 396,784 shares of the company’s stock, valued at $21,842,959.20. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The disclosure for this sale can be found here. Insiders have sold 1,826,114 shares of company stock worth $84,024,779 in the last ninety days. 60.04% of the stock is owned by insiders.

Samsara 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.