Aptus Capital Advisors LLC Sells 1,262 Shares of Samsara Inc. (NYSE:IOT)

Aptus Capital Advisors LLC lessened its position in shares of Samsara Inc. (NYSE:IOT) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,319 shares of the company’s stock after selling 1,262 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Samsara were worth $10,746,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Resources Management Corp CT ADV increased its position in 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 purchasing an additional 490 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC bought a new position in shares of Samsara in the 2nd quarter valued at about $45,000. UMB Bank n.a. grew its position in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after acquiring an additional 418 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

Insider Activity

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the sale, the chief accounting officer now owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares in the company, valued at $15,123,445.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjit Biswas sold 78,295 shares of Samsara 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 sale, the chief executive officer now directly owns 908,004 shares of the company’s stock, valued at approximately $36,774,162. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,864,730 shares of company stock worth $84,375,885. Insiders own 60.04% of the company’s stock.

Samsara Stock Performance

IOT traded up $0.58 during trading on Tuesday, hitting $53.10. 393,622 shares of the stock were exchanged, compared to its average volume of 3,560,646. The firm has a 50 day simple moving average of $47.71 and a 200 day simple moving average of $40.48. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of -109.38 and a beta of 1.52. Samsara Inc. has a 1 year low of $23.35 and a 1 year high of $53.68.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same period in the previous year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, equities analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America boosted their target price on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. TD Cowen boosted their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Morgan Stanley upped their price target on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.20.

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.