95,570 Shares in Samsara Inc. (NYSE:IOT) Purchased by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd bought a new stake in shares of Samsara Inc. (NYSE:IOT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 95,570 shares of the company’s stock, valued at approximately $3,221,000.

A number of other large investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in shares of Samsara by 9.4% during the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after purchasing an additional 280 shares in the last quarter. Janney Capital Management LLC grew its holdings in Samsara by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after buying an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Samsara by 6.8% during the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after acquiring an additional 497 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its position in shares of Samsara by 33.6% during the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after acquiring an additional 500 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Up 13.6 %

Shares of Samsara stock opened at $44.02 on Friday. The stock’s fifty day moving average is $38.12 and its two-hundred day moving average is $36.05. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $45.43. The company has a market capitalization of $24.25 billion, a PE ratio of -88.04 and a beta of 1.50.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, research analysts anticipate that Samsara Inc. will post -0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on IOT shares. TD Cowen boosted their price target on shares of Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their price target on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday. Wolfe Research reiterated an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research report on Friday, June 28th. Finally, BMO Capital Markets upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $42.07.

Insider Buying and Selling

In other Samsara news, CAO James Andrew Munk sold 1,105 shares of Samsara stock in a transaction on Monday, June 10th. The stock was sold at an average price of $30.01, for a total transaction of $33,161.05. Following the completion of the sale, the chief accounting officer now directly owns 337,523 shares of the company’s stock, valued at approximately $10,129,065.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Samsara news, CAO James Andrew Munk sold 1,105 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $30.01, for a total transaction of $33,161.05. Following the transaction, the chief accounting officer now owns 337,523 shares of the company’s stock, valued at approximately $10,129,065.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dominic Phillips sold 21,053 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $30.49, for a total transaction of $641,905.97. Following the completion of the sale, the insider now owns 1,137,989 shares of the company’s stock, valued at approximately $34,697,284.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,801,854 shares of company stock valued at $64,479,185 over the last quarter. 60.04% of the stock is 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.