Ensign Peak Advisors Inc Increases Holdings in Samsara Inc. (NYSE:IOT)

Ensign Peak Advisors Inc increased its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 486.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 114,432 shares of the company's stock after purchasing an additional 94,932 shares during the period. Ensign Peak Advisors Inc's holdings in Samsara were worth $3,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of Samsara by 18.1% in the 2nd quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company's stock valued at $924,499,000 after acquiring an additional 4,207,974 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 1,841,149 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company's stock valued at $288,266,000 after purchasing an additional 3,853,400 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Samsara by 12.2% during 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 purchasing an additional 243,170 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company's stock.

Analysts Set New Price Targets

IOT has been the topic of several recent research reports. Wolfe Research reiterated an "outperform" rating and set a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Loop Capital increased their price objective on Samsara from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Evercore ISI increased their price objective on Samsara from $40.00 to $42.00 and gave the company an "in-line" rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada increased their price objective on Samsara from $47.00 to $49.00 and gave the company an "outperform" rating in a research report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.07.

Insider Transactions 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 stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. The transaction 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 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 transaction, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction on Wednesday, September 11th. The shares were 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. In the last three months, insiders have sold 2,036,399 shares of company stock worth $83,632,450. 60.04% of the stock is currently owned by insiders.

Samsara Stock Performance

Shares of IOT stock opened at $48.59 on Friday. The firm has a market cap of $27.03 billion, a P/E ratio of -97.07 and a beta of 1.50. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $50.07. The business's 50 day moving average price is $41.37 and its 200-day moving average price is $37.37.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The firm 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%. The business's quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the company earned ($0.11) EPS. As a group, equities analysts predict 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.