20,000 Shares in Samsara Inc. (NYSE:IOT) Bought by Triumph Capital Management

Triumph Capital Management purchased a new stake in Samsara Inc. (NYSE:IOT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Samsara by 40.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock worth $22,428,000 after acquiring an additional 254,473 shares during the last quarter. Creative Planning acquired a new position in shares of Samsara during the third quarter worth $5,878,000. CHURCHILL MANAGEMENT Corp purchased a new position in Samsara in the fourth quarter valued at $854,000. Principal Financial Group Inc. raised its stake in Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after buying an additional 640,321 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Samsara by 54.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock worth $2,656,000 after buying an additional 37,316 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Price Performance

Shares of IOT stock traded down $0.10 during trading hours on Wednesday, hitting $34.83. The stock had a trading volume of 2,062,897 shares, compared to its average volume of 3,627,875. The firm has a market capitalization of $19.17 billion, a PE ratio of -65.42 and a beta of 1.56. The stock’s 50 day moving average is $34.78 and its 200 day moving average is $31.74. Samsara Inc. has a twelve month low of $16.63 and a twelve month high of $40.54.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. As a group, equities analysts predict that Samsara Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on IOT shares. Loop Capital began coverage on Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price objective on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.60.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 79,236 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $31.43, for a total transaction of $2,490,387.48. Following the completion of the sale, the insider now directly owns 38,400 shares of the company’s stock, valued at approximately $1,206,912. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John Bicket sold 79,236 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $31.43, for a total value of $2,490,387.48. Following the completion of the sale, the insider now owns 38,400 shares in the company, valued at approximately $1,206,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjit Biswas sold 79,165 shares of Samsara stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $31.42, for a total transaction of $2,487,364.30. Following the completion of the sale, the chief executive officer now directly owns 38,400 shares in the company, valued at approximately $1,206,528. The disclosure for this sale can be found here. Insiders have sold 1,513,054 shares of company stock worth $52,452,782 in the last quarter. Company insiders own 66.14% of the company’s stock.

About Samsara

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.