OneDigital Investment Advisors LLC Makes New Investment in Samsara Inc. (NYSE:IOT)

OneDigital Investment Advisors LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,184 shares of the company’s stock, valued at approximately $2,463,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resources Management Corp CT ADV lifted its position in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after buying an additional 490 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Samsara during the 2nd quarter valued at $38,000. Nemes Rush Group LLC acquired a new stake in Samsara in the 2nd quarter valued at $45,000. UMB Bank n.a. raised its position 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 purchasing an additional 418 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IOT shares. BMO Capital Markets increased their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Loop Capital boosted their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada upped their target price on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. TD Cowen lifted their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Bank of America upped their price objective on shares of Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Samsara currently has an average rating of “Hold” and an average price target of $44.20.

Samsara Stock Down 2.7 %

NYSE:IOT opened at $49.51 on Friday. Samsara Inc. has a 52 week low of $25.76 and a 52 week high of $53.98. The company has a market cap of $27.55 billion, a PE ratio of -103.15 and a beta of 1.52. The business’s 50 day moving average is $48.61 and its two-hundred day moving average is $40.89.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, sell-side analysts expect that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 link. Also, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the sale, the chief accounting officer now owns 319,667 shares in the company, valued at $15,123,445.77. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,730 shares of company stock worth $84,375,885 over the last quarter. 60.04% of the stock is owned by company 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.