Samsara Inc. (NYSE:IOT) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lowered its position in Samsara Inc. (NYSE:IOT) by 76.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,900 shares of the company’s stock after selling 79,700 shares during the quarter. Bayesian Capital Management LP’s holdings in Samsara were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its stake in shares of Samsara by 102.1% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Samsara by 18.8% during the first 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 period. Vanguard Group Inc. increased its position in shares of Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after acquiring an additional 1,841,149 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Samsara by 3.7% in the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock valued at $877,682,000 after acquiring an additional 827,848 shares during the period. Finally, Blair William & Co. IL lifted its holdings in shares of Samsara by 1,601.3% during the 1st quarter. Blair William & Co. IL now owns 744,929 shares of the company’s stock valued at $28,151,000 after acquiring an additional 701,144 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Insider Transactions at Samsara

In related news, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Sanjit Biswas sold 71,266 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $38.17, for a total value of $2,720,223.22. Following the sale, the chief executive officer now owns 154,680 shares of the company’s stock, valued at approximately $5,904,135.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $28.88, for a total value of $8,013,737.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,573,573 shares of company stock worth $54,867,168. 60.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on IOT shares. Bank of America started coverage on Samsara in a report on Thursday, June 20th. They issued a “buy” rating and a $37.00 price target for the company. Loop Capital reiterated a “buy” rating and set a $42.00 target price on shares of Samsara in a report on Friday, June 28th. Evercore ISI decreased their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Friday, June 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Samsara in a research report on Wednesday, June 26th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $40.00 target price on shares of Samsara in a research report on Tuesday, June 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.17.

Samsara Trading Up 0.8 %

NYSE IOT traded up $0.30 during trading hours on Tuesday, reaching $37.01. 1,575,443 shares of the company traded hands, compared to its average volume of 3,755,562. The stock has a market capitalization of $20.39 billion, a PE ratio of -73.48 and a beta of 1.49. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $42.28. The company has a 50 day moving average of $34.51 and a two-hundred day moving average of $34.74.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $272.51 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. On average, equities research analysts anticipate that Samsara Inc. will post -0.39 earnings per share for the current year.

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.