International Assets Investment Management LLC Purchases New Shares in Samsara Inc. (NYSE:IOT)

International Assets Investment Management LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,840 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fred Alger Management LLC acquired a new position in shares of Samsara during the 3rd quarter worth about $28,000. Ulland Investment Advisors LLC raised its holdings in shares of Samsara by 67.4% during the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after acquiring an additional 600 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Samsara in the third quarter valued at approximately $202,000. Stonegate Investment Group LLC acquired a new stake in shares of Samsara in the fourth quarter worth approximately $229,000. Finally, Spinnaker Investment Group LLC acquired a new position in Samsara in the 4th quarter valued at $244,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of IOT stock opened at $35.99 on Monday. The firm’s 50-day moving average is $34.71 and its two-hundred day moving average is $31.58. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54. The company has a market capitalization of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $258.56 million. Sell-side analysts forecast that Samsara Inc. will post -0.4 EPS for the current year.

Insider Buying and Selling

In other Samsara news, CAO James Andrew Munk sold 4,059 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 303,126 shares of the company’s stock, valued at $11,055,005.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO James Andrew Munk sold 4,059 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $36.47, for a total value of $148,031.73. Following the sale, the chief accounting officer now owns 303,126 shares in the company, valued at approximately $11,055,005.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjit Biswas sold 92,216 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total value of $2,944,456.88. Following the transaction, the chief executive officer now owns 662,119 shares of the company’s stock, valued at $21,141,459.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,697,460 shares of company stock valued at $58,340,865. 66.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Loop Capital began coverage on shares of Samsara in a research report on Thursday, April 18th. They set a “buy” rating and a $42.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

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.