Consolidated Portfolio Review Corp Purchases New Shares in Samsara Inc. (NYSE:IOT)

Consolidated Portfolio Review Corp purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,834 shares of the company's stock, valued at approximately $1,291,000.

Other hedge funds also recently bought and sold shares of the company. Resources Management Corp CT ADV lifted its stake in shares of Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after buying an additional 490 shares during the last quarter. UMB Bank n.a. increased its position in shares of Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after purchasing an additional 418 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Samsara in the second quarter valued at approximately $38,000. Nemes Rush Group LLC acquired a new position in Samsara in the second quarter worth $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Samsara by 250.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock worth $67,000 after buying an additional 1,000 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Samsara from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, September 6th. BNP Paribas started coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price target for the company. TD Cowen lifted their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Wolfe Research reissued an "outperform" rating and issued a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. Finally, BMO Capital Markets upped their price objective on Samsara from $40.00 to $44.00 and gave the company a "market perform" rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $44.20.

Samsara Stock Down 1.2 %

IOT traded down $0.58 during trading hours on Friday, hitting $47.69. 1,689,283 shares of the company's stock were exchanged, compared to its average volume of 2,506,674. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $51.53. The stock's 50-day moving average is $45.93 and its two-hundred day moving average is $39.09. The stock has a market cap of $26.27 billion, a price-to-earnings ratio of -95.38 and a beta of 1.52.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 20.39% and a negative net margin of 24.19%. The company had revenue of $300.20 million during the quarter, compared to analysts' expectations of $289.53 million. During the same quarter last year, the company earned ($0.11) EPS. Samsara's revenue for the quarter was up 36.9% compared to the same quarter last year. On average, equities research analysts anticipate that Samsara Inc. will post -0.34 EPS for the current year.

Insider Activity at Samsara

In other news, insider Adam Eltoukhy sold 9,308 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total value of $471,357.12. Following the sale, the insider now directly owns 396,784 shares of the company's stock, valued at approximately $20,093,141.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Adam Eltoukhy sold 9,308 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the sale, the insider now owns 396,784 shares in the company, valued at approximately $20,093,141.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James Andrew Munk sold 1,093 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,945,061 shares of company stock valued at $84,802,692. 60.04% of the stock is owned by corporate insiders.

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.