Versor Investments LP Decreases Stock Position in Samsara Inc. (NYSE:IOT)

Versor Investments LP lowered its stake in Samsara Inc. (NYSE:IOT - Free Report) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,036 shares of the company's stock after selling 15,364 shares during the quarter. Versor Investments LP's holdings in Samsara were worth $531,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company's stock valued at $521,000 after buying an additional 10,452 shares in the last quarter. Bank of Montreal Can bought a new position in Samsara in the second quarter valued at approximately $537,000. Magnetar Financial LLC bought a new position in Samsara in the second quarter valued at approximately $1,240,000. Swiss National Bank acquired a new stake in shares of Samsara in the first quarter valued at approximately $19,477,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Samsara in the first quarter valued at approximately $647,000. Institutional investors own 89.39% of the company's stock.

Insider Transactions at Samsara

In other news, insider John Bicket sold 64,137 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76. Following the completion of the sale, the insider now directly owns 41,288 shares of the company's stock, valued at $1,960,354.24. This represents a 60.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 9,308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the completion of the sale, the insider now directly owns 396,784 shares of the company's stock, valued at approximately $20,093,141.76. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,864,730 shares of company stock valued at $84,375,885. 60.04% of the stock is currently owned by insiders.

Samsara Stock Down 3.7 %

Shares of Samsara stock traded down $1.97 during trading on Thursday, reaching $50.89. The company's stock had a trading volume of 2,427,585 shares, compared to its average volume of 3,564,689. The business's 50-day moving average price is $48.26 and its 200-day moving average price is $40.68. The firm has a market cap of $28.31 billion, a PE ratio of -110.08 and a beta of 1.52. Samsara Inc. has a 52 week low of $25.76 and a 52 week high of $53.98.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share 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 business had revenue of $300.20 million during the quarter, compared to analysts' expectations of $289.53 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Samsara's revenue was up 36.9% compared to the same quarter last year. Equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IOT. TD Cowen lifted their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a "buy" rating in a report on Friday, October 11th. Evercore ISI lifted their price objective on shares of Samsara from $40.00 to $42.00 and gave the company an "in-line" rating in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of Samsara from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Truist Financial boosted their target price on shares of Samsara from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Finally, Craig Hallum started coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a "hold" rating and a $48.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $44.20.

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.