LMR Partners LLP Acquires Shares of 45,286 Samsara Inc. (NYSE:IOT)

LMR Partners LLP purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,286 shares of the company's stock, valued at approximately $2,179,000.

Several other large investors have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in shares of Samsara in the 1st quarter valued at $218,000. Russell Investments Group Ltd. grew its position in shares of Samsara by 1,106.9% in the first quarter. Russell Investments Group Ltd. now owns 131,665 shares of the company's stock valued at $4,976,000 after purchasing an additional 120,756 shares during the last quarter. Vanguard Group Inc. increased its position in 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. Acadian Asset Management LLC purchased a new stake in Samsara during the 1st quarter worth about $924,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Samsara in the first quarter valued at approximately $94,000. Hedge funds and other institutional investors own 89.39% of the company's stock.

Samsara Stock Up 5.6 %

Samsara stock traded up $2.75 during mid-day trading on Tuesday, hitting $52.24. 3,358,176 shares of the stock were exchanged, compared to its average volume of 3,550,416. The firm's fifty day simple moving average is $48.68 and its two-hundred day simple moving average is $41.02. 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 posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share 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 during the quarter, compared to the consensus estimate of $289.53 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business's revenue was up 36.9% compared to the same quarter last year. Equities analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Insider Transactions at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the sale, the insider now owns 396,784 shares of the company's stock, valued at $19,660,647.20. The trade was a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Bicket sold 64,137 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $47.48, for a total value of $3,045,224.76. Following the sale, the insider now owns 41,288 shares in the company, valued at approximately $1,960,354.24. This represents a 60.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,717,614 shares of company stock worth $78,501,134 in the last ninety days. Company insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Samsara from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Royal Bank of Canada upped their target price on shares of Samsara from $47.00 to $49.00 and gave the company an "outperform" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on Samsara from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Loop Capital boosted their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their price objective on Samsara from $42.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Samsara presently has a consensus rating of "Hold" and an average price target of $44.87.

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.