Samsara Inc. (NYSE:IOT) Stake Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in shares of Samsara Inc. (NYSE:IOT) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,287 shares of the company’s stock after acquiring an additional 2,114 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Samsara were worth $3,767,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IOT. Resources Management Corp CT ADV boosted its holdings in shares of Samsara by 104.0% during 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 period. National Bank of Canada FI acquired a new stake in shares of Samsara during the 2nd quarter valued at $38,000. Nemes Rush Group LLC purchased a new position in shares of Samsara during the 2nd quarter valued at $45,000. UMB Bank n.a. increased its stake in shares of 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 during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IOT. Piper Sandler raised their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Loop Capital boosted their price objective on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley raised their target price on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Evercore ISI boosted their target price on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their price target on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.20.

Samsara Trading Down 0.3 %

Shares of NYSE:IOT opened at $52.34 on Wednesday. The firm has a market capitalization of $29.12 billion, a PE ratio of -109.04 and a beta of 1.52. Samsara Inc. has a 1-year low of $23.35 and a 1-year high of $53.68. The business’s 50 day moving average is $47.71 and its 200-day moving average is $40.48.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share 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 quarter in the previous year, the company earned ($0.11) earnings per share. The business’s revenue was up 36.9% compared to the same quarter last year. On average, sell-side analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other Samsara news, CEO Sanjit Biswas sold 64,188 shares of Samsara stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total transaction of $3,047,646.24. Following the sale, the chief executive officer now directly owns 41,272 shares of the company’s stock, valued at approximately $1,959,594.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sanjit Biswas sold 64,188 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total transaction of $3,047,646.24. Following the completion of the transaction, the chief executive officer now owns 41,272 shares in the company, valued at $1,959,594.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 78,128 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.51, for a total value of $3,164,965.28. Following the completion of the sale, the insider now directly owns 1,273,912 shares in the company, valued at approximately $51,606,175.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,864,730 shares of company stock valued at $84,375,885 over the last quarter. Corporate insiders own 60.04% of the company’s stock.

Samsara 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.