General Catalyst Group Management LLC Has $1.12 Billion Stock Holdings in Samsara Inc. (NYSE:IOT)

General Catalyst Group Management LLC trimmed its stake in Samsara Inc. (NYSE:IOT - Free Report) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,297,056 shares of the company's stock after selling 3,000,000 shares during the quarter. Samsara makes up about 78.3% of General Catalyst Group Management LLC's portfolio, making the stock its biggest holding. General Catalyst Group Management LLC owned 4.19% of Samsara worth $1,121,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in Samsara during the first quarter worth $218,000. Oppenheimer & Co. Inc. acquired a new position in Samsara in the 1st quarter valued at about $691,000. Swiss National Bank acquired a new stake in Samsara during the first quarter worth approximately $19,477,000. Russell Investments Group Ltd. boosted its holdings in shares of Samsara by 1,106.9% during the first quarter. Russell Investments Group Ltd. now owns 131,665 shares of the company's stock worth $4,976,000 after acquiring an additional 120,756 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Samsara during the first quarter worth approximately $647,000. Institutional investors and hedge funds own 89.39% of the company's stock.

Insider Buying and Selling at Samsara

In related 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 completion of 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 trade was a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 78,128 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.51, for a total transaction of $3,164,965.28. Following the completion of the sale, the insider now directly owns 1,273,912 shares in the company, valued at $51,606,175.12. This trade represents a 5.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,864,730 shares of company stock valued at $84,375,885 over the last 90 days. 60.04% of the stock is currently owned by corporate insiders.

Samsara Price Performance

Samsara stock traded down $1.97 during mid-day trading on Thursday, reaching $50.89. 2,427,585 shares of the stock traded hands, compared to its average volume of 3,564,689. The business's 50-day moving average is $48.26 and its 200-day moving average is $40.68. The stock has a market capitalization of $28.31 billion, a PE ratio of -110.08 and a beta of 1.52. Samsara Inc. has a 12-month low of $25.76 and a 12-month high of $53.98.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company's quarterly revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Equities analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They issued a "hold" rating and a $48.00 price target for the company. Loop Capital boosted their price objective on shares of Samsara from $42.00 to $46.00 and gave the company a "buy" rating in a report on Friday, September 6th. BMO Capital Markets raised their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a "market perform" rating in a report on Friday, September 6th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Samsara from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Samsara presently has a consensus rating of "Hold" and an average price target of $44.20.

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.