Baillie Gifford & Co. Raises Position in Samsara Inc. (NYSE:IOT)

Baillie Gifford & Co. boosted its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,844,390 shares of the company's stock after acquiring an additional 6,411,178 shares during the period. Samsara accounts for about 1.2% of Baillie Gifford & Co.'s holdings, making the stock its 20th biggest position. Baillie Gifford & Co. owned 6.08% of Samsara worth $1,628,592,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Samsara by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company's stock worth $666,584,000 after purchasing an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. boosted 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 worth $646,253,000 after purchasing an additional 1,841,149 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company's stock valued at $273,930,000 after buying an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Samsara by 12.2% in the first quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company's stock worth $84,225,000 after acquiring an additional 243,170 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Samsara by 84.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company's stock valued at $77,421,000 after acquiring an additional 734,619 shares during the last quarter. Institutional investors own 89.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IOT. Evercore ISI increased their price target 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. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company upped their price objective on Samsara from $42.00 to $46.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. BNP Paribas started coverage on Samsara in a research report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price target on the stock. Finally, Morgan Stanley upped their price objective on Samsara from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.20.

Insiders Place Their Bets

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at approximately $15,123,445.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 9,308 shares of Samsara stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total transaction of $471,357.12. Following the transaction, the insider now directly owns 396,784 shares in the company, valued at $20,093,141.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,864,730 shares of company stock worth $84,375,885. 60.04% of the stock is currently owned by company insiders.

Samsara Stock Performance

Samsara stock traded up $0.33 during midday trading on Tuesday, reaching $52.85. The stock had a trading volume of 912,938 shares, compared to its average volume of 3,563,018. Samsara Inc. has a twelve month low of $23.35 and a twelve month high of $53.68. The stock's 50-day simple moving average is $47.71 and its 200 day simple moving average is $40.48. The stock has a market capitalization of $29.40 billion, a PE ratio of -110.44 and a beta of 1.52.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly 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 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 analysts' expectations of $289.53 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The firm's quarterly revenue was up 36.9% on a year-over-year basis. Equities analysts predict 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.