State of New Jersey Common Pension Fund D Acquires 2,114 Shares of Samsara Inc. (NYSE:IOT)

State of New Jersey Common Pension Fund D lifted its holdings in Samsara Inc. (NYSE:IOT) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,287 shares of the company’s stock after buying an additional 2,114 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Samsara were worth $3,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IOT. Resources Management Corp CT ADV increased its position in Samsara by 104.0% in the 2nd 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 in the last quarter. National Bank of Canada FI acquired a new stake in shares of Samsara in the second quarter valued at approximately $38,000. Nemes Rush Group LLC acquired a new position in Samsara during the 2nd quarter worth $45,000. UMB Bank n.a. boosted its position in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Stock Down 0.3 %

Shares of IOT stock opened at $52.34 on Wednesday. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of -109.04 and a beta of 1.52. Samsara Inc. has a 12-month low of $23.35 and a 12-month high of $53.68. The firm has a fifty day moving average of $47.71 and a 200-day moving average of $40.48.

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

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 64,137 shares of Samsara stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $47.48, for a total value of $3,045,224.76. Following the sale, the insider now directly owns 41,288 shares in the company, valued at $1,960,354.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John Bicket sold 64,137 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76. Following the completion of the transaction, the insider now owns 41,288 shares in the company, valued at $1,960,354.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjit Biswas sold 93,107 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $39.92, for a total value of $3,716,831.44. Following the transaction, the chief executive officer now directly owns 76,800 shares of the company’s stock, valued at $3,065,856. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,864,730 shares of company stock worth $84,375,885. Corporate insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of research reports. BNP Paribas assumed coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Bank of America increased their price target on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Evercore ISI raised their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Nine investment 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 has a consensus rating of “Hold” and a consensus target price of $44.20.

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.