Versor Investments LP reduced its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 58.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,036 shares of the company's stock after selling 15,364 shares during the period. Versor Investments LP's holdings in Samsara were worth $531,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company's stock valued at $123,000 after acquiring an additional 280 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company's stock valued at $433,000 after purchasing an additional 304 shares during the last quarter. UMB Bank n.a. raised its position in shares of Samsara by 69.1% in the third 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. Resources Management Corp CT ADV lifted its stake in shares of Samsara by 104.0% in the second 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 last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company's stock worth $295,000 after buying an additional 497 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.
IOT opened at $52.84 on Thursday. Samsara Inc. has a fifty-two week low of $24.82 and a fifty-two week high of $53.98. The company has a market capitalization of $29.40 billion, a P/E ratio of -110.08 and a beta of 1.52. The firm's fifty day moving average price is $47.97 and its two-hundred day moving average price is $40.59.
Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $289.53 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The firm's revenue for the quarter was up 36.9% on a year-over-year basis. On average, equities research analysts expect that Samsara Inc. will post -0.34 EPS for the current fiscal year.
Several research analysts recently commented on IOT shares. Truist Financial lifted 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. Wells Fargo & Company lifted their price objective on Samsara from $42.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Royal Bank of Canada increased their target price on Samsara from $47.00 to $49.00 and gave the company an "outperform" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. raised their target price on Samsara from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Finally, Bank of America upped their price target on Samsara from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.20.
View Our Latest Stock Report on Samsara
In related news, insider John Bicket sold 93,212 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total value of $3,721,023.04. Following the sale, the insider now owns 76,800 shares of the company's stock, valued at $3,065,856. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sanjit Biswas sold 84,030 shares of Samsara stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $41.94, for a total value of $3,524,218.20. Following the completion of the transaction, the chief executive officer now owns 806,269 shares in the company, valued at approximately $33,814,921.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bicket sold 93,212 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total value of $3,721,023.04. Following the completion of the transaction, the insider now directly owns 76,800 shares in the company, valued at $3,065,856. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,864,730 shares of company stock valued at $84,375,885. Corporate insiders own 60.04% of the company's stock.
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.
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