Samsara Inc. (NYSE:IOT - Get Free Report) major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $46.44, for a total value of $91,858.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Samsara Price Performance
Shares of IOT opened at $47.59 on Friday. The firm has a market capitalization of $26.21 billion, a PE ratio of -95.18 and a beta of 1.50. The company's 50-day moving average is $39.93 and its 200-day moving average is $36.80. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $48.98.
Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The business'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 fiscal year.
Institutional Inflows and Outflows
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A number of large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in 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 purchasing an additional 280 shares during the period. Resources Management Corp CT ADV raised its stake in Samsara by 104.0% in the 2nd 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 period. Cetera Advisors LLC raised its stake in Samsara by 6.8% in the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company's stock valued at $295,000 after acquiring an additional 497 shares during the period. Ulland Investment Advisors LLC increased its position in shares of Samsara by 33.6% during the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company's stock valued at $75,000 after buying an additional 500 shares during the period. Finally, Sands Capital Ventures LLC increased its position in shares of Samsara by 18.7% during the second quarter. Sands Capital Ventures LLC now owns 4,239 shares of the company's stock valued at $143,000 after buying an additional 669 shares during the period. Institutional investors own 89.39% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on IOT shares. Wolfe Research reissued an "outperform" rating and issued a $44.00 price target on shares of Samsara in a report on Friday, June 28th. Morgan Stanley lifted their target price on Samsara from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, September 6th. Loop Capital lifted their target price on Samsara from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Piper Sandler raised their target price on Samsara from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Finally, TD Cowen lifted their price objective on Samsara from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and an average price target of $42.07.
Check Out Our Latest Analysis on IOT
Samsara Company Profile
(
Get Free Report)
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.
Further Reading
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