Swiss National Bank Has $2.17 Million Stock Position in Samsara Inc. (NYSE:IOT)

Swiss National Bank boosted its stake in shares of Samsara Inc. (NYSE:IOT – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,900 shares of the company’s stock after purchasing an additional 3,200 shares during the quarter. Swiss National Bank’s holdings in Samsara were worth $2,174,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IOT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Samsara during the 2nd quarter valued at $33,000. IFP Advisors Inc acquired a new position in Samsara during the 3rd quarter valued at $44,000. RFP Financial Group LLC acquired a new position in Samsara during the 4th quarter valued at $44,000. BNP Paribas Arbitrage SNC acquired a new position in Samsara during the 3rd quarter valued at $45,000. Finally, New York State Common Retirement Fund acquired a new position in Samsara during the 3rd quarter valued at $51,000. 43.05% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

IOT opened at $18.50 on Friday. Samsara Inc. has a twelve month low of $8.42 and a twelve month high of $22.59. The firm’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $15.48. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of -38.54 and a beta of 1.00.

Samsara (NYSE:IOT – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. Samsara had a negative net margin of 37.92% and a negative return on equity of 21.20%. The firm had revenue of $186.58 million for the quarter, compared to analyst estimates of $172.77 million. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Samsara news, CAO James Andrew Munk sold 3,129 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $19.11, for a total transaction of $59,795.19. Following the sale, the chief accounting officer now owns 362,233 shares of the company’s stock, valued at approximately $6,922,272.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Samsara news, CEO Sanjit Biswas sold 89,800 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $21.96, for a total transaction of $1,972,008.00. Following the transaction, the chief executive officer now directly owns 91,438 shares in the company, valued at approximately $2,007,978.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Andrew Munk sold 3,129 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $19.11, for a total transaction of $59,795.19. Following the transaction, the chief accounting officer now owns 362,233 shares in the company, valued at $6,922,272.63. The disclosure for this sale can be found here. Insiders have sold a total of 5,252,805 shares of company stock valued at $100,455,781 in the last 90 days. 66.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IOT. StockNews.com began coverage on shares of Samsara in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Truist Financial began coverage on shares of Samsara in a research note on Friday, April 21st. They issued a “hold” rating and a $20.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Samsara from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. BMO Capital Markets increased their price objective on shares of Samsara from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Samsara from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara currently has an average rating of “Hold” and an average target price of $21.82.

Samsara Company Profile

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Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.