Lmdagg L.L.C. Has $37.21 Million Stake in Samsara Inc. (NYSE:IOT)

Lmdagg L.L.C. trimmed its position in Samsara Inc. (NYSE:IOT) by 74.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,194 shares of the company’s stock after selling 2,194,947 shares during the period. Samsara makes up approximately 100.0% of Lmdagg L.L.C.’s portfolio, making the stock its biggest position. Lmdagg L.L.C.’s holdings in Samsara were worth $37,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IOT. Resources Management Corp CT ADV increased its position 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 buying an additional 490 shares in the last quarter. National Bank of Canada FI acquired a new position in Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC acquired a new position in Samsara during the 2nd quarter valued at about $45,000. UMB Bank n.a. boosted its stake in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Samsara by 250.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. 89.39% of the stock is owned by institutional investors.

Insider Transactions at Samsara

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 12,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $55.05, for a total value of $688,125.00. Following the completion of the sale, the insider now owns 396,784 shares of the company’s stock, valued at approximately $21,842,959.20. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,826,114 shares of company stock valued at $84,024,779. 60.04% of the stock is currently owned by company insiders.

Samsara Trading Up 2.7 %

Samsara stock opened at $56.36 on Friday. Samsara Inc. has a 12 month low of $26.13 and a 12 month high of $56.76. The business’s 50 day simple moving average is $49.25 and its 200 day simple moving average is $41.41.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating 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 business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Samsara’s revenue for the quarter was up 36.9% on a year-over-year basis. Sell-side analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IOT shares. Wells Fargo & Company lifted their price target on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Evercore ISI lifted their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target for the company. TD Cowen boosted their target price on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Loop Capital boosted their target price on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.67.

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.