Samsara Inc. (NYSE:IOT) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in Samsara Inc. (NYSE:IOT) by 21.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,882 shares of the company’s stock after selling 4,006 shares during the quarter. Sigma Planning Corp’s holdings in Samsara were worth $716,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IOT. Resources Management Corp CT ADV boosted its stake in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the last quarter. National Bank of Canada FI purchased a new position in Samsara in the 2nd quarter valued at about $38,000. Nemes Rush Group LLC acquired a new stake in shares of Samsara during the 2nd quarter worth about $45,000. UMB Bank n.a. grew its holdings in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 78,295 shares of the 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 owns 908,004 shares of the company’s stock, valued at $36,774,162. This trade represents a 7.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Bicket sold 78,128 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.51, for a total value of $3,164,965.28. Following the completion of the sale, the insider now owns 1,273,912 shares of the company’s stock, valued at $51,606,175.12. This trade represents a 5.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,864,730 shares of company stock valued at $84,375,885 over the last ninety days. Corporate insiders own 60.04% of the company’s stock.

Samsara Trading Down 3.7 %

IOT opened at $50.89 on Friday. Samsara Inc. has a twelve month low of $25.76 and a twelve month high of $53.98. The firm has a market cap of $28.31 billion, a price-to-earnings ratio of -110.08 and a beta of 1.52. The company has a fifty day simple moving average of $48.26 and a 200 day simple moving average of $40.68.

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

Analyst Ratings Changes

IOT has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. BMO Capital Markets boosted their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Craig Hallum started coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Finally, Loop Capital upped their price target on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara has an average rating of “Hold” and a consensus target price 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.