Samsara Inc. (NYSE:IOT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Samsara Inc. (NYSE:IOTFree Report) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,270 shares of the company’s stock after selling 31,480 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of Samsara worth $14,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Samsara by 608.4% during the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock worth $18,796,000 after acquiring an additional 640,321 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Samsara in the 3rd quarter valued at $1,102,000. EPIQ Capital Group LLC grew its position in shares of Samsara by 120.9% in the 3rd quarter. EPIQ Capital Group LLC now owns 32,837 shares of the company’s stock valued at $828,000 after buying an additional 17,969 shares during the last quarter. Spence Asset Management acquired a new stake in Samsara during the 3rd quarter worth $5,772,000. Finally, 1832 Asset Management L.P. lifted its position in Samsara by 188.1% in the second quarter. 1832 Asset Management L.P. now owns 3,318,500 shares of the company’s stock valued at $91,956,000 after acquiring an additional 2,166,500 shares during the last quarter. 52.47% of the stock is owned by hedge funds and other institutional investors.

Samsara Trading Down 2.8 %

NYSE IOT opened at $34.48 on Tuesday. The business’s 50 day moving average is $33.04 and its two-hundred day moving average is $28.35. Samsara Inc. has a 12-month low of $15.22 and a 12-month high of $36.91.

Samsara (NYSE:IOTGet Free Report) last announced its quarterly earnings data on Thursday, November 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Samsara had a negative return on equity of 18.88% and a negative net margin of 26.77%. The firm had revenue of $237.53 million for the quarter, compared to analyst estimates of $225.36 million. Research analysts anticipate that Samsara Inc. will post -0.39 earnings per share for the current year.

Insider Activity

In related news, insider John Bicket sold 78,332 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $26.35, for a total transaction of $2,064,048.20. Following the sale, the insider now owns 366,687 shares of the company’s stock, valued at $9,662,202.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider John Bicket sold 78,332 shares of Samsara stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $26.35, for a total transaction of $2,064,048.20. Following the completion of the transaction, the insider now owns 366,687 shares of the company’s stock, valued at approximately $9,662,202.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Bostrom sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $34.12, for a total transaction of $341,200.00. Following the completion of the sale, the director now owns 254,054 shares in the company, valued at $8,668,322.48. The disclosure for this sale can be found here. Insiders sold 2,001,260 shares of company stock worth $64,931,221 in the last 90 days. 66.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Samsara from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, December 1st. Morgan Stanley raised their target price on shares of Samsara from $25.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, December 1st. Piper Sandler upped their price target on shares of Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, December 1st. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Royal Bank of Canada upped their target price on shares of Samsara from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus price target of $31.56.

Check Out Our Latest Report on Samsara

Samsara Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Samsara (NYSE:IOT)

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