16,250 Shares in Samsara Inc. (NYSE:IOT) Acquired by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. bought a new stake in Samsara Inc. (NYSE:IOT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,250 shares of the company’s stock, valued at approximately $548,000. Samsara makes up 0.5% of Octahedron Capital Management L.P.’s holdings, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of IOT. Boulder Hill Capital Management LP acquired a new stake in Samsara during the fourth quarter worth $1,115,000. CHURCHILL MANAGEMENT Corp raised its holdings in Samsara by 135.6% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after buying an additional 34,679 shares during the period. Mission Wealth Management LP acquired a new position in Samsara in the first quarter valued at about $1,100,000. Quarry LP purchased a new position in Samsara during the fourth quarter worth about $37,000. Finally, Norges Bank acquired a new stake in shares of Samsara during the fourth quarter valued at about $11,693,000. 89.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IOT. Morgan Stanley increased their price objective on shares of Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Evercore ISI lifted their price objective on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their target price on Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets increased their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Insider Buying and Selling

In other Samsara news, insider Adam Eltoukhy sold 9,471 shares of Samsara stock in a transaction on Monday, July 15th. The shares were sold at an average price of $37.79, for a total value of $357,909.09. Following the transaction, the insider now directly owns 465,967 shares in the company, valued at $17,608,892.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Samsara news, insider Adam Eltoukhy sold 9,471 shares of Samsara stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $37.79, for a total value of $357,909.09. Following the transaction, the insider now directly owns 465,967 shares in the company, valued at approximately $17,608,892.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $14,894,042.28. The disclosure for this sale can be found here. Insiders sold a total of 2,049,232 shares of company stock worth $82,346,868 in the last 90 days. Company insiders own 60.04% of the company’s stock.

Samsara Price Performance

Shares of NYSE:IOT opened at $49.42 on Friday. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $49.56. The firm has a market capitalization of $27.22 billion, a P/E ratio of -98.84 and a beta of 1.50. The company’s fifty day moving average price is $40.39 and its 200 day moving average price is $36.97.

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