Temasek Holdings Private Ltd Acquires Shares of 31,689 Samsara Inc. (NYSE:IOT)

Temasek Holdings Private Ltd bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,689 shares of the company's stock, valued at approximately $1,525,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. raised its stake in shares of Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock worth $1,628,592,000 after acquiring an additional 6,411,178 shares in the last quarter. FMR LLC increased its position in shares of Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company's stock valued at $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Samsara during the 2nd quarter valued at about $29,464,000. Charles Schwab Investment Management Inc. increased its position in shares of Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company's stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company's stock valued at $273,930,000 after acquiring an additional 500,400 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of IOT traded down $3.05 during mid-day trading on Friday, reaching $52.08. The company's stock had a trading volume of 7,974,964 shares, compared to its average volume of 3,530,638. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The stock has a market cap of $28.98 billion, a PE ratio of -110.63 and a beta of 1.53. The company's 50 day moving average is $50.35 and its 200 day moving average is $42.33.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $289.53 million. During the same period last year, the business posted ($0.11) EPS. The company's revenue was up 36.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.06, for a total value of $14,894,042.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction on 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 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,873,300 shares of company stock worth $91,752,243. 60.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IOT. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday. TD Cowen raised their price objective on Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Finally, BNP Paribas started coverage on Samsara in a report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price target for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Samsara currently has a consensus rating of "Hold" and a consensus price target of $51.29.

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.