8,720 Shares in Samsara Inc. (NYSE:IOT) Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,720 shares of the company’s stock, valued at approximately $291,000.

A number of other institutional investors have also added to or reduced their stakes in IOT. Fred Alger Management LLC purchased a new position in Samsara during the 3rd quarter valued at about $28,000. Ulland Investment Advisors LLC boosted its position in shares of Samsara by 67.4% in the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after acquiring an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Samsara during the 4th quarter worth approximately $162,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Samsara in the third quarter worth $202,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Stock Performance

IOT stock opened at $35.99 on Friday. The company has a market capitalization of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56. Samsara Inc. has a one year low of $16.63 and a one year high of $40.54. The company’s 50 day moving average price is $34.71 and its two-hundred day moving average price is $31.50.

Samsara (NYSE:IOT) last released its earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. On average, research analysts predict that Samsara Inc. will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research analyst reports. Loop Capital initiated coverage on Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Insider Activity

In other Samsara news, CAO James Andrew Munk sold 9,714 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $35.46, for a total value of $344,458.44. Following the completion of the sale, the chief accounting officer now owns 307,185 shares in the company, valued at $10,892,780.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO James Andrew Munk sold 9,714 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $35.46, for a total transaction of $344,458.44. Following the completion of the transaction, the chief accounting officer now directly owns 307,185 shares of the company’s stock, valued at $10,892,780.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 92,216 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the sale, the chief executive officer now owns 662,119 shares of the company’s stock, valued at $21,141,459.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,697,460 shares of company stock valued at $58,340,865. 66.14% of the stock is currently owned by 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.