Mirae Asset Global Investments Co. Ltd. Sells 20,824 Shares of Samsara Inc. (NYSE:IOT)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Samsara Inc. (NYSE:IOT) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 276,513 shares of the company’s stock after selling 20,824 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Samsara were worth $9,230,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. boosted its position in Samsara by 5.4% during the third quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock valued at $569,398,000 after acquiring an additional 1,166,989 shares during the last quarter. Vanguard Group Inc. boosted its position in Samsara by 6.7% during the third quarter. Vanguard Group Inc. now owns 14,342,618 shares of the company’s stock valued at $361,577,000 after acquiring an additional 898,428 shares during the last quarter. Morgan Stanley boosted its position in Samsara by 4.6% during the fourth quarter. Morgan Stanley now owns 7,326,909 shares of the company’s stock valued at $91,073,000 after acquiring an additional 320,468 shares during the last quarter. FMR LLC boosted its position in Samsara by 11.8% during the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock valued at $175,445,000 after acquiring an additional 731,963 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Samsara by 5.1% during the 3rd quarter. Alliancebernstein L.P. now owns 4,951,544 shares of the company’s stock worth $59,765,000 after purchasing an additional 239,226 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Samsara Stock Performance

IOT opened at $31.89 on Friday. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The company’s 50-day moving average is $34.98 and its 200 day moving average is $30.98.

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

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 57,770 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,934,139.60. Following the completion of the sale, the insider now owns 1,153,612 shares in the company, valued at approximately $38,622,929.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Samsara news, insider John Bicket sold 57,770 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,934,139.60. Following the completion of the sale, the insider now owns 1,153,612 shares in the company, valued at approximately $38,622,929.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $33.85, for a total transaction of $3,249,600.00. Following the completion of the sale, the chief executive officer now owns 850,335 shares of the company’s stock, valued at approximately $28,783,839.75. The disclosure for this sale can be found here. Insiders have sold 1,696,382 shares of company stock worth $58,572,437 in the last quarter. Insiders own 66.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.56.

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.