Samsara Inc. (NYSE:IOT) Shares Sold by Common Fund For Nonprofit Organizations

Common Fund For Nonprofit Organizations decreased its position in shares of Samsara Inc. (NYSE:IOT) by 24.6% in the third quarter, Holdings Channel reports. The fund owned 306,838 shares of the company’s stock after selling 100,000 shares during the period. Samsara accounts for 1.8% of Common Fund For Nonprofit Organizations’ investment portfolio, making the stock its 8th biggest holding. Common Fund For Nonprofit Organizations’ holdings in Samsara were worth $14,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of IOT. Resources Management Corp CT ADV increased its stake in Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. National Bank of Canada FI bought a new stake in Samsara in the second quarter valued at about $38,000. Nemes Rush Group LLC bought a new stake in Samsara in the second quarter valued at about $45,000. UMB Bank n.a. increased its stake in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Stock Down 0.1 %

Shares of IOT stock opened at $49.49 on Tuesday. Samsara Inc. has a 52-week low of $25.76 and a 52-week high of $53.98. The firm’s 50 day moving average price is $48.68 and its two-hundred day moving average price is $41.02.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for 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 revenue for the quarter was up 36.9% on a year-over-year basis. During the same period last year, the firm earned ($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.

Insider Transactions at Samsara

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total value of $14,894,042.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Bicket sold 83,583 shares of Samsara stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $41.94, for a total transaction of $3,505,471.02. Following the completion of the sale, the insider now owns 1,172,457 shares in the company, valued at $49,172,846.58. The trade was a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,708,307 shares of company stock valued at $78,039,972 over the last three months. 60.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IOT shares. Morgan Stanley upped their target price on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Craig Hallum initiated coverage on shares of Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets upped their price objective 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. Finally, Piper Sandler upped their price objective 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. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.87.

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.