Samsara Inc. (NYSE:IOT) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in Samsara Inc. (NYSE:IOT) by 77.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,881 shares of the company’s stock after purchasing an additional 821 shares during the quarter. Farther Finance Advisors LLC’s holdings in Samsara were worth $91,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IOT. Baillie Gifford & Co. grew its position in shares of Samsara by 18.1% in the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock valued at $924,499,000 after purchasing an additional 4,207,974 shares during the period. 1832 Asset Management L.P. grew its position in shares of Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after purchasing an additional 3,853,400 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Samsara by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after purchasing an additional 2,797,326 shares during the period. Vanguard Group Inc. grew its position in shares of Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Samsara in the second quarter valued at about $29,464,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Insider Activity at Samsara

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares in the company, valued at $15,123,445.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO James Andrew Munk sold 1,093 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the sale, the chief accounting officer now owns 319,667 shares of the company’s stock, valued at $15,123,445.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,864,730 shares of company stock worth $84,375,885. Corporate insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. TD Cowen raised their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Wells Fargo & Company raised their price target on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Piper Sandler raised their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets raised their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.20.

Samsara Price Performance

Shares of IOT opened at $52.50 on Tuesday. Samsara Inc. has a 1-year low of $23.35 and a 1-year high of $53.68. The stock has a market cap of $29.21 billion, a PE ratio of -109.38 and a beta of 1.52. The firm has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $40.48.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. As a group, sell-side analysts expect that Samsara Inc. will post -0.34 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.