251,098 Shares in Samsara Inc. (NYSE:IOT) Acquired by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 251,098 shares of the company’s stock, valued at approximately $8,382,000. Samsara comprises 2.7% of Wealth Dimensions Group Ltd.’s holdings, making the stock its 11th biggest position.

Several other large investors have also recently added to or reduced their stakes in IOT. Bank of New York Mellon Corp boosted its position in shares of Samsara by 22.6% during the third quarter. Bank of New York Mellon Corp now owns 175,682 shares of the company’s stock worth $4,429,000 after buying an additional 32,369 shares during the period. Principal Financial Group Inc. grew its stake in shares of Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock worth $18,796,000 after purchasing an additional 640,321 shares in the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Samsara by 24.5% during the third quarter. Lisanti Capital Growth LLC now owns 128,820 shares of the company’s stock valued at $3,248,000 after purchasing an additional 25,325 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Samsara by 1.5% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 65,745 shares of the company’s stock valued at $1,657,000 after purchasing an additional 951 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Samsara by 35.8% in the third quarter. Victory Capital Management Inc. now owns 97,178 shares of the company’s stock worth $2,450,000 after purchasing an additional 25,597 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

Samsara Stock Down 0.5 %

NYSE:IOT traded down $0.19 during trading hours on Tuesday, reaching $40.95. 1,365,742 shares of the company’s stock were exchanged, compared to its average volume of 3,489,021. The company has a market capitalization of $22.54 billion, a P/E ratio of -76.94 and a beta of 1.58. Samsara Inc. has a 12 month low of $18.24 and a 12 month high of $42.28. The business’s 50-day simple moving average is $36.13 and its two-hundred day simple moving average is $33.33.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on IOT shares. StockNews.com downgraded shares of Samsara from a “hold” rating to a “sell” rating in a research report on Friday. Loop Capital initiated coverage on Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Samsara currently has an average rating of “Hold” and an average target price of $32.60.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 88,056 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $39.89, for a total transaction of $3,512,553.84. Following the completion of the sale, the chief executive officer now directly owns 1,688,656 shares of the company’s stock, valued at $67,360,487.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sanjit Biswas sold 88,056 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $39.89, for a total value of $3,512,553.84. Following the completion of the sale, the chief executive officer now owns 1,688,656 shares in the company, valued at $67,360,487.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 91,713 shares of Samsara stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $35.61, for a total value of $3,265,899.93. Following the transaction, the insider now owns 2,232,749 shares in the company, valued at approximately $79,508,191.89. The disclosure for this sale can be found here. Insiders sold 1,751,603 shares of company stock worth $62,994,825 in the last quarter. 66.14% of the stock is owned by company insiders.

Samsara Company 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.