Andar Capital Management HK Ltd Makes New $2.02 Million Investment in Samsara Inc. (NYSE:IOT)

Andar Capital Management HK Ltd purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 60,000 shares of the company's stock, valued at approximately $2,022,000. Samsara accounts for about 2.8% of Andar Capital Management HK Ltd's portfolio, making the stock its 15th largest position.

Several other large investors have also made changes to their positions in the company. Baillie Gifford & Co. increased its holdings in Samsara by 18.1% in the 2nd quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company's stock worth $924,499,000 after purchasing an additional 4,207,974 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Samsara by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company's stock valued at $666,584,000 after buying an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. raised its holdings in Samsara by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company's stock valued at $646,253,000 after buying an additional 1,841,149 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company's stock worth $288,266,000 after buying an additional 3,853,400 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Samsara by 12.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company's stock valued at $84,225,000 after acquiring an additional 243,170 shares during the period. Institutional investors and hedge funds own 89.39% of the company's stock.

Samsara Price Performance

IOT stock remained flat at $47.55 during trading on Wednesday. 5,078,643 shares of the company's stock were exchanged, compared to its average volume of 3,787,134. The stock has a market cap of $26.19 billion, a P/E ratio of -95.18 and a beta of 1.50. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $48.11. The stock has a 50 day moving average price of $39.68 and a 200 day moving average price of $36.73.

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

Insider Buying and Selling at Samsara

In other news, CAO James Andrew Munk sold 1,093 shares of the firm's stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO James Andrew Munk sold 1,093 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the transaction, the chief accounting officer now owns 319,667 shares of the company's stock, valued at approximately $15,123,445.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction dated 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 have sold a total of 1,858,859 shares of company stock worth $73,525,632 over the last three months. 60.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IOT shares. Wolfe Research restated an "outperform" rating and issued a $44.00 price objective on shares of Samsara in a report on Friday, June 28th. JPMorgan Chase & Co. increased their price target on Samsara from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Bank of America raised their target price on Samsara from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Finally, Loop Capital raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.07.

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.