Samsara Inc. (NYSE:IOT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 2,787.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,827 shares of the company's stock after acquiring an additional 10,452 shares during the period. International Assets Investment Management LLC's holdings in Samsara were worth $521,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in IOT. Bank of Montreal Can acquired a new stake in Samsara in the second quarter valued at approximately $537,000. Magnetar Financial LLC bought a new position in Samsara in the 2nd quarter worth about $1,240,000. Swiss National Bank bought a new stake in Samsara during the first quarter valued at approximately $19,477,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Samsara in the first quarter worth $647,000. Finally, RFG Advisory LLC increased its position in shares of Samsara by 41.5% during the 2nd quarter. RFG Advisory LLC now owns 12,486 shares of the company's stock valued at $421,000 after purchasing an additional 3,662 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Samsara Price Performance

Shares of NYSE:IOT traded up $2.02 during trading on Wednesday, hitting $50.26. 4,708,292 shares of the company's stock were exchanged, compared to its average volume of 2,045,741. The business's 50-day simple moving average is $46.85 and its 200 day simple moving average is $39.96. Samsara Inc. has a 52-week low of $23.12 and a 52-week high of $51.53. The company has a market cap of $27.96 billion, a price-to-earnings ratio of -104.71 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 EPS for the quarter, beating the consensus estimate 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 business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same quarter last year, the business earned ($0.11) earnings per share. Samsara's quarterly revenue was up 36.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity

In other news, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares of the company's stock, valued at approximately $15,123,445.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sanjit Biswas sold 78,295 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.50, for a total transaction of $3,170,947.50. Following the transaction, the chief executive officer now directly owns 908,004 shares in the company, valued at $36,774,162. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 319,667 shares of the company's stock, valued at approximately $15,123,445.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,736,405 shares of company stock worth $78,283,014. Insiders own 60.04% of the company's stock.

Analyst Ratings Changes

IOT has been the subject of several research analyst reports. Loop Capital increased their price objective on Samsara from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, September 6th. 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. 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 objective on the stock. BNP Paribas began coverage on Samsara in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Samsara from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, September 6th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.20.

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.