Samsara Inc. (NYSE:IOT) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC cut its holdings in Samsara Inc. (NYSE:IOT) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,409 shares of the company’s stock after selling 311 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Samsara were worth $318,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in Samsara in the first quarter valued at $8,009,000. Public Employees Retirement Association of Colorado acquired a new position in Samsara in the first quarter valued at $749,000. Morse Asset Management Inc acquired a new position in Samsara in the first quarter valued at $875,000. Price T Rowe Associates Inc. MD increased its stake in 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. Finally, 1832 Asset Management L.P. increased its stake in 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. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

IOT stock traded up $1.33 during trading on Wednesday, reaching $38.27. 2,702,549 shares of the company were exchanged, compared to its average volume of 3,751,035. The company has a market cap of $21.08 billion, a P/E ratio of -76.54 and a beta of 1.49. Samsara Inc. has a 52-week low of $21.48 and a 52-week high of $42.28. The stock’s 50 day moving average price is $34.39 and its 200 day moving average price is $34.79.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The company had revenue of $280.73 million for the quarter, compared to the consensus estimate of $272.51 million. As a group, equities research analysts forecast that Samsara Inc. will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. Piper Sandler restated a “neutral” rating and issued a $36.00 price objective on shares of Samsara in a research note on Friday, June 28th. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price target on shares of Samsara in a research note on Tuesday, June 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Samsara in a research note on Wednesday, June 26th. Evercore ISI dropped their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Friday, June 7th. Finally, Bank of America began coverage on shares of Samsara in a research note on Thursday, June 20th. They set a “buy” rating and a $37.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.17.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,471 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.79, for a total value of $357,909.09. Following the sale, the insider now owns 465,967 shares of the company’s stock, valued at $17,608,892.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dominic Phillips sold 21,053 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $30.49, for a total value of $641,905.97. Following the completion of the transaction, the insider now owns 1,137,989 shares of the company’s stock, valued at $34,697,284.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 9,471 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.79, for a total transaction of $357,909.09. Following the completion of the transaction, the insider now directly owns 465,967 shares of the company’s stock, valued at approximately $17,608,892.93. The disclosure for this sale can be found here. Insiders have sold 1,573,573 shares of company stock valued at $54,867,168 over the last quarter. Corporate insiders own 60.04% of the company’s stock.

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.