RFG Advisory LLC Takes $230,000 Position in Samsara Inc. (NYSE:IOT)

RFG Advisory LLC purchased a new stake in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,878 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Samsara by 40.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock valued at $22,428,000 after acquiring an additional 254,473 shares during the period. Creative Planning acquired a new position in shares of Samsara during the 3rd quarter worth approximately $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Samsara during the 4th quarter worth approximately $854,000. Principal Financial Group Inc. raised its position in shares of Samsara by 608.4% during the 3rd 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 during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Samsara by 54.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock worth $2,656,000 after purchasing an additional 37,316 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO James Andrew Munk sold 4,059 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total transaction of $148,031.73. Following the completion of the sale, the chief accounting officer now directly owns 303,126 shares of the company’s stock, valued at approximately $11,055,005.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Adam Eltoukhy sold 9,344 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $33.84, for a total transaction of $316,200.96. Following the completion of the sale, the insider now directly owns 707,818 shares of the company’s stock, valued at approximately $23,952,561.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James Andrew Munk sold 4,059 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total transaction of $148,031.73. Following the sale, the chief accounting officer now directly owns 303,126 shares of the company’s stock, valued at $11,055,005.22. The disclosure for this sale can be found here. Insiders sold 1,696,382 shares of company stock valued at $58,572,437 in the last ninety days. Company insiders own 66.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.56.

Samsara Stock Performance

Shares of IOT opened at $31.88 on Friday. The stock has a fifty day moving average of $34.98 and a two-hundred day moving average of $31.03. The company has a market capitalization of $17.55 billion, a PE ratio of -60.15 and a beta of 1.56. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The company had revenue of $276.27 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Samsara 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.