19,859 Shares in Samsara Inc. (NYSE:IOT) Bought by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 19,859 shares of the company’s stock, valued at approximately $956,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Samsara by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after purchasing an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after purchasing an additional 138,702 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Samsara by 55.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after purchasing an additional 734,619 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on IOT shares. 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 objective on the stock. Royal Bank of Canada boosted their target price on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Loop Capital boosted their target price on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Evercore ISI boosted their target price on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. Finally, Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus price target of $45.67.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $55.05, for a total value of $688,125.00. Following the completion of the transaction, the insider now owns 396,784 shares in the company, valued at $21,842,959.20. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the completion of the transaction, the chief executive officer now owns 195,886 shares of the company’s stock, valued at approximately $9,866,777.82. This trade represents a 32.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,658,501 shares of company stock valued at $76,995,090. 60.04% of the stock is currently owned by insiders.

Samsara Trading Down 1.5 %

IOT stock opened at $55.50 on Tuesday. The stock has a market capitalization of $30.88 billion, a P/E ratio of -115.63 and a beta of 1.52. Samsara Inc. has a 12 month low of $26.13 and a 12 month high of $57.51. The firm has a 50-day moving average price of $49.43 and a 200-day moving average price of $41.56.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share. As a group, equities analysts predict that Samsara Inc. will post -0.34 EPS for the current fiscal year.

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.