XTX Topco Ltd Acquires 31,788 Shares of Samsara Inc. (NYSE:IOT)

XTX Topco Ltd lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 338.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,173 shares of the company's stock after purchasing an additional 31,788 shares during the period. XTX Topco Ltd's holdings in Samsara were worth $1,981,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Resources Management Corp CT ADV raised its stake in Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after buying an additional 490 shares during the period. UMB Bank n.a. grew its position in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after purchasing an additional 418 shares during the period. National Bank of Canada FI bought a new stake in Samsara during the 2nd quarter valued at $38,000. Nemes Rush Group LLC bought a new position in shares of Samsara in the second quarter valued at $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock worth $67,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company's stock.

Samsara Stock Down 5.2 %

Shares of NYSE:IOT traded down $2.86 during midday trading on Friday, reaching $52.27. 10,742,267 shares of the company traded hands, compared to its average volume of 2,404,721. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The firm's fifty day moving average price is $50.44 and its two-hundred day moving average price is $42.42. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of -111.21 and a beta of 1.53.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company's revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) earnings per share. Analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the sale, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. This trade represents a 0.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The disclosure for this sale can be found here. Insiders sold a total of 1,873,300 shares of company stock valued at $91,752,243 in the last three months. Company insiders own 60.04% of the company's stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. BNP Paribas began coverage on Samsara in a research report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 target price on the stock. Craig Hallum initiated coverage on Samsara in a research report on Tuesday, October 22nd. They issued a "hold" rating and a $48.00 price target for the company. Truist Financial raised their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, November 18th. Finally, Evercore ISI boosted their price objective on Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Samsara presently has a consensus rating of "Hold" and an average target price of $51.29.

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.