Caisse DE Depot ET Placement DU Quebec Acquires 8,780 Shares of Samsara Inc. (NYSE:IOT)

Caisse DE Depot ET Placement DU Quebec raised its holdings in Samsara Inc. (NYSE:IOT) by 34.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,480 shares of the company’s stock after acquiring an additional 8,780 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Samsara were worth $1,659,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after acquiring an additional 6,411,178 shares during the last quarter. FMR LLC raised its position in Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Samsara during the second quarter valued at about $29,464,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock worth $88,013,000 after purchasing an additional 650,982 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Samsara by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after buying an additional 500,400 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

IOT has been the topic of a number of research reports. Bank of America boosted their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada boosted their price objective on shares of Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. raised their target price on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Evercore ISI increased their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Finally, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.43.

Samsara Stock Up 1.8 %

Shares of NYSE IOT opened at $54.63 on Wednesday. The firm has a market cap of $30.39 billion, a PE ratio of -113.81 and a beta of 1.53. The company’s fifty day simple moving average is $50.09 and its 200 day simple moving average is $42.14. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The business’s revenue was up 36.9% on a year-over-year basis. On average, equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Insider Activity

In related news, insider Adam Eltoukhy sold 12,500 shares of Samsara stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $45.00, for a total transaction of $562,500.00. Following the transaction, the insider now owns 465,967 shares of the company’s stock, valued at $20,968,515. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold a total of 1,623,376 shares of company stock worth $78,007,468 over the last quarter. 60.04% of the stock is currently owned by corporate insiders.

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.