Samsara Inc. (NYSE:IOT) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its stake in shares of Samsara Inc. (NYSE:IOT) by 30.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,295 shares of the company’s stock after selling 14,152 shares during the quarter. Calamos Advisors LLC’s holdings in Samsara were worth $1,078,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IOT. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after buying an additional 381 shares during the period. Rhumbline Advisers raised its holdings in shares of Samsara by 13.6% during the 3rd quarter. Rhumbline Advisers now owns 4,594 shares of the company’s stock valued at $116,000 after buying an additional 550 shares during the period. Ulland Investment Advisors LLC boosted its holdings in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after acquiring an additional 600 shares during the period. Macquarie Group Ltd. raised its stake in shares of Samsara by 37.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock valued at $30,000 after purchasing an additional 649 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Samsara by 1.8% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 46,181 shares of the company’s stock valued at $1,164,000 after purchasing an additional 807 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Insider Buying and Selling at Samsara

In other news, CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00. Following the completion of the transaction, the chief executive officer now owns 1,115,921 shares in the company, valued at $34,292,252.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the transaction, the insider now owns 535,149 shares in the company, valued at approximately $16,471,886.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00. Following the completion of the transaction, the chief executive officer now owns 1,115,921 shares of the company’s stock, valued at approximately $34,292,252.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,697,460 shares of company stock worth $58,277,505. 66.14% of the stock is owned by insiders.

Samsara Price Performance

Shares of NYSE IOT opened at $30.15 on Monday. The firm’s 50-day moving average price is $34.74 and its two-hundred day moving average price is $31.27. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $276.27 million for 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%. On average, analysts predict that Samsara Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Loop Capital initiated coverage on Samsara in a research report on Thursday. They issued a “buy” rating and a $42.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

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.