8,750 Shares in Samsara Inc. (NYSE:IOT) Bought by Deuterium Capital Management LLC

Deuterium Capital Management LLC purchased a new stake in Samsara Inc. (NYSE:IOT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,750 shares of the company’s stock, valued at approximately $292,000. Samsara accounts for approximately 0.9% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in IOT. Baillie Gifford & Co. lifted its holdings in shares of Samsara by 5.4% in the 3rd quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock valued at $569,398,000 after purchasing an additional 1,166,989 shares during the last quarter. Vanguard Group Inc. increased its position in Samsara by 6.7% during the third quarter. Vanguard Group Inc. now owns 14,342,618 shares of the company’s stock worth $361,577,000 after buying an additional 898,428 shares during the period. FMR LLC lifted its stake in Samsara by 11.8% in the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock valued at $175,445,000 after buying an additional 731,963 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 640,321 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Samsara by 82.0% during the third quarter. Qube Research & Technologies Ltd now owns 832,350 shares of the company’s stock worth $20,984,000 after acquiring an additional 375,017 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the subject of several research reports. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Loop Capital began coverage on shares of Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 target price for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Insider Transactions at Samsara

In other Samsara news, CEO Sanjit Biswas sold 79,165 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 38,400 shares of the company’s stock, valued at $1,206,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sanjit Biswas sold 79,165 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $31.42, for a total transaction of $2,487,364.30. Following the completion of the transaction, the chief executive officer now directly owns 38,400 shares of the company’s stock, valued at $1,206,528. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Bicket sold 80,654 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $33.73, for a total value of $2,720,459.42. Following the completion of the sale, the insider now directly owns 379,518 shares in the company, valued at approximately $12,801,142.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,513,054 shares of company stock valued at $52,452,782. 66.14% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

Shares of NYSE:IOT traded up $0.32 during trading on Wednesday, reaching $35.25. 3,333,838 shares of the stock were exchanged, compared to its average volume of 3,644,365. The firm’s 50-day moving average price is $34.85 and its 200 day moving average price is $31.77. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of -66.51 and a beta of 1.56. Samsara Inc. has a 12-month low of $16.63 and a 12-month high of $40.54.

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

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.