Swiss National Bank Grows Stock Holdings in Samsara Inc. (NYSE:IOT)

Swiss National Bank lifted its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 615,600 shares of the company's stock after buying an additional 18,400 shares during the period. Swiss National Bank owned about 0.11% of Samsara worth $29,623,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of Samsara by 55.1% during the third quarter. Empowered Funds LLC now owns 9,750 shares of the company's stock worth $469,000 after buying an additional 3,463 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Samsara in the third quarter valued at $264,000. OneDigital Investment Advisors LLC acquired a new stake in Samsara in the third quarter valued at $2,463,000. KBC Group NV increased its holdings in Samsara by 103.9% in the third quarter. KBC Group NV now owns 24,243 shares of the company's stock valued at $1,167,000 after purchasing an additional 12,356 shares during the period. Finally, Fortis Capital Management LLC acquired a new stake in Samsara in the third quarter valued at $200,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 93,107 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.92, for a total value of $3,716,831.44. Following the completion of the sale, the chief executive officer now directly owns 76,800 shares of the company's stock, valued at $3,065,856. The trade was a 54.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Bicket sold 83,583 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $41.94, for a total transaction of $3,505,471.02. Following the completion of the sale, the insider now directly owns 1,172,457 shares of the company's stock, valued at $49,172,846.58. This represents a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,717,614 shares of company stock valued at $78,501,134 in the last three months. Company insiders own 60.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on IOT. Bank of America increased their price objective on Samsara from $45.00 to $47.00 and gave the company a "buy" rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Samsara from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Royal Bank of Canada increased their price target on Samsara from $47.00 to $49.00 and gave the stock an "outperform" rating in a report on Friday, September 6th. BNP Paribas started coverage on Samsara in a report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price target for the company. Finally, Craig Hallum started coverage on Samsara in a report on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price target for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Samsara presently has an average rating of "Hold" and an average target price of $45.67.

Samsara Trading Up 2.4 %

Shares of IOT stock traded up $1.26 during trading hours on Thursday, hitting $53.89. 520,983 shares of the company were exchanged, compared to its average volume of 3,530,617. The firm has a fifty day simple moving average of $48.91 and a 200 day simple moving average of $41.20. Samsara Inc. has a 52-week low of $26.13 and a 52-week high of $54.75.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly 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 net margin of 24.19% and a negative return on equity of 20.39%. The company 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 posted ($0.11) EPS. Samsara's quarterly revenue was up 36.9% compared to the same quarter last year. Sell-side analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current year.

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.