Mirae Asset Global Investments Co. Ltd. Sells 20,824 Shares of Samsara Inc. (NYSE:IOT)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Samsara Inc. (NYSE:IOT) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 276,513 shares of the company’s stock after selling 20,824 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of Samsara worth $9,230,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Samsara in the 4th quarter valued at $162,000. Stonegate Investment Group LLC bought a new position in shares of Samsara in the 4th quarter worth $229,000. Spinnaker Investment Group LLC bought a new position in shares of Samsara in the 4th quarter worth $244,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Samsara in the 4th quarter worth $608,000. Finally, Raymond James & Associates bought a new position in shares of Samsara in the 4th quarter worth $1,479,000. 89.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $33.85, for a total value of $3,249,600.00. Following the sale, the chief executive officer now owns 850,335 shares of the company’s stock, valued at approximately $28,783,839.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $33.85, for a total value of $3,249,600.00. Following the sale, the chief executive officer now owns 850,335 shares of the company’s stock, valued at $28,783,839.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 9,344 shares of Samsara stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $33.84, for a total value of $316,200.96. Following the completion of the sale, the insider now directly owns 707,818 shares in the company, valued at approximately $23,952,561.12. The disclosure for this sale can be found here. Insiders have sold 1,696,382 shares of company stock valued at $58,572,437 in the last 90 days. 66.14% of the stock is currently owned by company insiders.

Samsara Stock Down 1.6 %

Shares of Samsara stock opened at $31.89 on Friday. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54. The stock’s fifty day simple moving average is $34.98 and its 200 day simple moving average is $30.98.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.56.

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.