KRS Capital Management LLC Has $256,000 Position in Samsara Inc. (NYSE:IOT)

KRS Capital Management LLC increased its holdings in shares of Samsara Inc. (NYSE:IOT) by 16.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,668 shares of the company’s stock after acquiring an additional 954 shares during the period. KRS Capital Management LLC’s holdings in Samsara were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Samsara by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after buying an additional 863,197 shares in the last quarter. FMR LLC boosted its position in Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after buying an additional 2,148,081 shares in the last quarter. Invesco Ltd. boosted its position in Samsara by 13.7% in the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock valued at $151,908,000 after buying an additional 419,163 shares in the last quarter. Finally, Amundi boosted its position in Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after buying an additional 547,390 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

Shares of NYSE:IOT opened at $47.48 on Friday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The company has a market capitalization of $27.03 billion, a PE ratio of -101.02 and a beta of 1.74. The company has a 50 day moving average price of $41.45 and a two-hundred day moving average price of $45.47.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 21.80% and a negative return on equity of 19.44%. The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares of the company’s stock, valued at $10,934,289.52. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,595,655 shares of company stock valued at $64,985,532. Corporate insiders own 60.04% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Wells Fargo & Company reduced their price target on shares of Samsara from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Morgan Stanley reduced their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.87.

Samsara 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.