DekaBank Deutsche Girozentrale Reduces Holdings in Samsara Inc. (NYSE:IOT)

DekaBank Deutsche Girozentrale lowered its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 53.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,474 shares of the company's stock after selling 10,842 shares during the period. DekaBank Deutsche Girozentrale's holdings in Samsara were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Resources Management Corp CT ADV lifted its holdings in Samsara by 104.0% during 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 period. UMB Bank n.a. lifted its stake 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 during the last quarter. National Bank of Canada FI purchased a new stake in shares of Samsara during the 2nd quarter worth $38,000. Nemes Rush Group LLC bought a new stake in Samsara during the second quarter valued at about $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Insider Transactions at Samsara

In related news, CEO Sanjit Biswas sold 81,515 shares of Samsara stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $37.04, for a total transaction of $3,019,315.60. Following the completion of the transaction, the chief executive officer now directly owns 96,000 shares in the company, valued at approximately $3,555,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John Bicket sold 42,942 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total transaction of $2,084,834.10. Following the sale, the insider now directly owns 720,678 shares of the company's stock, valued at $34,988,916.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjit Biswas sold 81,515 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $37.04, for a total value of $3,019,315.60. Following the completion of the transaction, the chief executive officer now directly owns 96,000 shares of the company's stock, valued at $3,555,840. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,879,269 shares of company stock worth $83,386,415 over the last quarter. 60.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Samsara from $40.00 to $44.00 and gave the company 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 stock a "buy" rating in a report on Friday, October 11th. BNP Paribas initiated coverage on Samsara in a research report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price target on the stock. Piper Sandler raised their price objective on Samsara from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Finally, Morgan Stanley boosted their target price on Samsara from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Samsara has a consensus rating of "Hold" and an average target price of $44.20.

Samsara Price Performance

NYSE:IOT traded up $0.44 during midday trading on Monday, hitting $46.66. The company's stock had a trading volume of 1,580,344 shares, compared to its average volume of 3,595,928. Samsara Inc. has a fifty-two week low of $23.12 and a fifty-two week high of $51.53. The firm has a market cap of $25.96 billion, a P/E ratio of -97.21 and a beta of 1.52. The firm's 50 day moving average is $46.72 and its 200-day moving average is $39.83.

Samsara (NYSE:IOT - Get Free Report) last released 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. 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 for the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The business's quarterly revenue was up 36.9% compared to the same quarter last year. As a group, analysts forecast that Samsara Inc. will post -0.34 EPS for the current year.

About Samsara

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.