Harbor Capital Advisors Inc. Purchases 44,246 Shares of Samsara Inc. (NYSE:IOT)

Harbor Capital Advisors Inc. grew its position in Samsara Inc. (NYSE:IOT - Free Report) by 41.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,775 shares of the company's stock after acquiring an additional 44,246 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Samsara were worth $7,255,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IOT. Advisors Asset Management Inc. boosted its stake in Samsara by 9.4% during the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company's stock worth $123,000 after buying an additional 280 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company's stock valued at $433,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. increased its stake in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after acquiring an additional 418 shares during the period. Resources Management Corp CT ADV raised its position in 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 purchasing an additional 490 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in Samsara by 6.8% during the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company's stock worth $295,000 after purchasing an additional 497 shares during the period. Institutional investors and hedge funds own 89.39% of the company's stock.

Samsara Price Performance

Shares of IOT stock traded down $1.57 on Friday, reaching $46.22. 2,979,823 shares of the stock were exchanged, compared to its average volume of 2,036,306. Samsara Inc. has a one year low of $22.19 and a one year high of $51.53. The stock has a market cap of $25.72 billion, a PE ratio of -96.29 and a beta of 1.52. The stock has a 50 day moving average price of $46.62 and a 200 day moving average price of $39.72.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $289.53 million. During the same period in the previous year, the company earned ($0.11) EPS. The company's revenue for the quarter was up 36.9% compared to the same quarter last year. On average, research analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IOT shares. Royal Bank of Canada raised their target price on Samsara from $47.00 to $49.00 and gave the stock an "outperform" rating in a research report on Friday, September 6th. Truist Financial lifted their price objective on Samsara from $35.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 6th. BMO Capital Markets upped 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. TD Cowen lifted their price target on shares of Samsara from $46.00 to $56.00 and gave the company a "buy" rating in a report on Friday, October 11th. Finally, 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 objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.20.

Insider Buying and Selling

In other news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction dated 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 in the company, valued at $15,123,445.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO James Andrew Munk sold 1,093 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the sale, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Bicket sold 81,486 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $37.04, for a total value of $3,018,241.44. Following the transaction, the insider now owns 96,000 shares of the company's stock, valued at approximately $3,555,840. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,879,269 shares of company stock valued at $83,386,415. 60.04% of the stock is owned by company insiders.

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.