33,541 Shares in Samsara Inc. (NYSE:IOT) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd purchased a new position in Samsara Inc. (NYSE:IOT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,541 shares of the company’s stock, valued at approximately $1,268,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC bought a new position in shares of Samsara during the third quarter worth $28,000. Quarry LP purchased a new stake in Samsara in the 4th quarter worth $37,000. Ulland Investment Advisors LLC boosted its holdings in shares of Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Tradition Wealth Management LLC bought a new stake in shares of Samsara in the fourth quarter worth about $46,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Up 4.7 %

NYSE IOT traded up $1.60 during trading hours on Friday, hitting $35.99. 2,864,112 shares of the company were exchanged, compared to its average volume of 2,815,921. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54. The stock has a 50-day moving average price of $34.71 and a 200 day moving average price of $31.58. The stock has a market cap of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56.

Samsara (NYSE:IOT) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital assumed coverage on Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 price target for the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 92,190 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total value of $2,943,626.70. Following the completion of the sale, the insider now owns 655,982 shares in the company, valued at approximately $20,945,505.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider John Bicket sold 92,190 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,943,626.70. Following the transaction, the insider now owns 655,982 shares of the company’s stock, valued at $20,945,505.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Eltoukhy sold 9,344 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.75, for a total value of $324,704.00. Following the completion of the sale, the insider now owns 431,439 shares in the company, valued at $14,992,505.25. The disclosure for this sale can be found here. Insiders have sold 1,697,460 shares of company stock worth $58,340,865 over the last quarter. Insiders own 66.14% of the company’s stock.

Samsara Company 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.