Samsara Inc. (NYSE:IOT) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in shares of Samsara Inc. (NYSE:IOT) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,500 shares of the company’s stock after acquiring an additional 5,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Samsara were worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fred Alger Management LLC acquired a new position in shares of Samsara during the 3rd quarter valued at $28,000. Ulland Investment Advisors LLC lifted its holdings in shares of Samsara by 67.4% during the 3rd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Samsara during the 4th quarter valued at $162,000. Finally, Stonegate Investment Group LLC purchased a new stake in Samsara during the 4th quarter worth $229,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Stock Performance

IOT opened at $35.99 on Monday. The company has a 50-day moving average of $34.71 and a 200-day moving average of $31.58. The company has a market capitalization of $19.81 billion, a P/E ratio of -67.91 and a beta of 1.56. Samsara Inc. has a 1-year low of $16.63 and a 1-year high of $40.54.

Samsara (NYSE:IOT) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting 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 net margin of 30.59% and a negative return on equity of 22.90%. As a group, sell-side analysts expect that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Transactions at Samsara

In other news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total value of $3,183,360.00. Following the completion of the sale, the chief executive officer now owns 1,019,921 shares of the company’s stock, valued at approximately $33,820,580.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction of $148,031.73. Following the completion of the sale, the chief accounting officer now owns 303,126 shares of the company’s stock, valued at approximately $11,055,005.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00. Following the sale, the chief executive officer now directly owns 1,019,921 shares of the company’s stock, valued at approximately $33,820,580.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,697,460 shares of company stock valued at $58,340,865. Insiders own 66.14% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the topic of several analyst reports. Loop Capital initiated coverage on shares of Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 price target 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. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.60.

About Samsara

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.