Catalyst Private Wealth LLC Sells 5,000 Shares of Samsara Inc. (NYSE:IOT)

Catalyst Private Wealth LLC reduced its position in shares of Samsara Inc. (NYSE:IOT) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,602 shares of the company’s stock after selling 5,000 shares during the quarter. Samsara comprises about 2.7% of Catalyst Private Wealth LLC’s portfolio, making the stock its 8th biggest position. Catalyst Private Wealth LLC’s holdings in Samsara were worth $5,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IOT. Baillie Gifford & Co. lifted its position in shares of Samsara by 18.1% during the 2nd quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock worth $924,499,000 after buying an additional 4,207,974 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after purchasing an additional 3,853,400 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Samsara by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after buying an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. grew its position in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after buying an additional 1,841,149 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Samsara in the second quarter worth about $29,464,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Trading Down 0.2 %

Samsara stock traded down $0.07 during trading on Tuesday, reaching $46.59. The company had a trading volume of 228,200 shares, compared to its average volume of 3,580,191. The firm’s 50-day simple moving average is $46.72 and its 200 day simple moving average is $39.83. The firm has a market capitalization of $25.92 billion, a price-to-earnings ratio of -97.21 and a beta of 1.52. Samsara Inc. has a 52 week low of $23.12 and a 52 week high of $51.53.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. 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 company posted ($0.11) EPS. The firm’s revenue was up 36.9% on a year-over-year basis. On average, analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

IOT has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Craig Hallum initiated coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock. Piper Sandler raised their price target on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Loop Capital boosted their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus price target of $44.20.

Insider Buying and Selling at Samsara

In other news, CEO Sanjit Biswas sold 78,295 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.50, for a total value of $3,170,947.50. Following the completion of the transaction, the chief executive officer now owns 908,004 shares of the company’s stock, valued at $36,774,162. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Adam Eltoukhy sold 9,308 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total transaction of $471,357.12. Following the completion of the transaction, the insider now directly owns 396,784 shares of the company’s stock, valued at approximately $20,093,141.76. This trade represents 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, CEO Sanjit Biswas sold 78,295 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.50, for a total transaction of $3,170,947.50. Following the completion of the sale, the chief executive officer now owns 908,004 shares in the company, valued at approximately $36,774,162. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,716,268 shares of company stock valued at $77,348,858 over the last ninety days. 60.04% of the stock is currently owned by company insiders.

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.