OneDigital Investment Advisors LLC Acquires New Position in Samsara Inc. (NYSE:IOT)

OneDigital Investment Advisors LLC bought a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,184 shares of the company's stock, valued at approximately $2,463,000.

Several other institutional investors also recently bought and sold shares of IOT. Resources Management Corp CT ADV boosted its stake in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock valued at $32,000 after purchasing an additional 490 shares during the period. National Bank of Canada FI purchased a new stake in Samsara during the 2nd quarter valued at $38,000. Nemes Rush Group LLC bought a new stake in Samsara in the 2nd quarter worth $45,000. UMB Bank n.a. increased its position in shares of 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. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock valued at $67,000 after acquiring an additional 1,000 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Down 2.7 %

Shares of NYSE IOT traded down $1.40 during trading on Friday, reaching $49.51. The company had a trading volume of 2,263,357 shares, compared to its average volume of 2,236,910. Samsara Inc. has a 12-month low of $25.76 and a 12-month high of $53.98. The business's 50-day moving average is $48.61 and its 200 day moving average is $40.93. The stock has a market cap of $27.55 billion, a PE ratio of -103.15 and a beta of 1.52.

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, beating analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. Samsara's revenue was up 36.9% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. On average, analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of recent analyst reports. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Craig Hallum assumed coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a "hold" rating and a $48.00 price target on the stock. Bank of America upped their price objective on shares of Samsara from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, September 6th. TD Cowen lifted their target price on shares of Samsara from $46.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Finally, Piper Sandler increased their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $44.20.

Insider Activity at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Bicket sold 78,128 shares of Samsara stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28. Following the completion of the sale, the insider now directly owns 1,273,912 shares of the company's stock, valued at $51,606,175.12. The trade was a 5.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,864,730 shares of company stock valued at $84,375,885. 60.04% of the stock is owned by corporate insiders.

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.