Samsara Inc. (NYSE:IOT) Shares Acquired by Creative Planning

Creative Planning boosted its holdings in Samsara Inc. (NYSE:IOT) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 147,699 shares of the company’s stock after acquiring an additional 242 shares during the period. Creative Planning’s holdings in Samsara were worth $7,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Samsara by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after purchasing an additional 917,389 shares in the last quarter. RFG Advisory LLC increased its position in Samsara by 28.3% during the first quarter. RFG Advisory LLC now owns 8,824 shares of the company’s stock worth $333,000 after buying an additional 1,946 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Samsara in the first quarter worth $301,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Samsara in the first quarter valued at $13,590,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Samsara during the first quarter valued at $143,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Performance

Shares of NYSE:IOT opened at $47.28 on Thursday. The stock has a 50-day simple moving average of $45.43 and a 200-day simple moving average of $38.83. The stock has a market capitalization of $26.04 billion, a P/E ratio of -94.14 and a beta of 1.52. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $51.53.

Samsara (NYSE:IOT) last released its quarterly earnings data 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 the consensus estimate of $289.53 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. Samsara’s revenue for the quarter was up 36.9% on a year-over-year basis. Analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company upped their price objective on shares of Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Craig Hallum assumed coverage on shares of Samsara in a research note on Tuesday. They issued a “hold” rating and a $48.00 target price for the company. Loop Capital increased 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. Finally, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.31.

Insider Activity at Samsara

In other Samsara news, insider Adam Eltoukhy sold 12,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $45.00, for a total transaction of $562,500.00. Following the transaction, the insider now owns 465,967 shares in the company, valued at $20,968,515. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Adam Eltoukhy sold 12,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $45.00, for a total transaction of $562,500.00. Following the sale, the insider now directly owns 465,967 shares in the company, valued at approximately $20,968,515. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Bicket sold 65,632 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $36.82, for a total value of $2,416,570.24. Following the completion of the transaction, the insider now owns 1,478,408 shares of the company’s stock, valued at approximately $54,434,982.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,849,061 shares of company stock worth $80,282,052. Corporate insiders own 60.04% of the company’s stock.

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.