Cerity Partners LLC Buys Shares of 23,080 Samsara Inc. (NYSE:IOT)

Cerity Partners LLC bought a new stake in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,080 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors also recently modified their holdings of the stock. RFG Advisory LLC acquired a new stake in shares of Samsara during the 4th quarter valued at $230,000. International Assets Investment Management LLC acquired a new stake in shares of Samsara in the 4th quarter valued at $162,000. Stonegate Investment Group LLC acquired a new stake in shares of Samsara in the 4th quarter valued at $229,000. Spinnaker Investment Group LLC acquired a new stake in shares of Samsara in the 4th quarter valued at $244,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Samsara in the 4th quarter valued at $608,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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. Loop Capital assumed coverage on shares of Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and an average target price of $32.60.

Insider Activity

In other news, CEO Sanjit Biswas sold 92,216 shares of Samsara stock in a transaction dated Tuesday, January 30th. The shares were 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 directly owns 662,119 shares in the company, valued at approximately $21,141,459.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Samsara news, CAO James Andrew Munk sold 4,059 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total value of $148,031.73. Following the transaction, the chief accounting officer now directly owns 303,126 shares in the company, valued at $11,055,005.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sanjit Biswas sold 92,216 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the completion of the transaction, the chief executive officer now owns 662,119 shares in the company, valued at $21,141,459.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,601,460 shares of company stock worth $55,157,505. Corporate insiders own 66.14% of the company’s stock.

Samsara Stock Performance

NYSE:IOT opened at $31.35 on Tuesday. The firm’s 50-day moving average is $34.67 and its 200-day moving average is $31.32. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54. The company has a market cap of $17.26 billion, a price-to-earnings ratio of -59.15 and a beta of 1.56.

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