Samsara Inc. (NYSE:IOT) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd trimmed its holdings in Samsara Inc. (NYSE:IOT) by 9.4% in the third quarter, Holdings Channel.com reports. The fund owned 21,059 shares of the company’s stock after selling 2,181 shares during the period. Plato Investment Management Ltd’s holdings in Samsara were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IOT. Advisors Asset Management Inc. raised its holdings in Samsara by 9.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares during the period. Assenagon Asset Management S.A. raised its holdings in Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after buying an additional 304 shares during the period. UMB Bank n.a. increased its holdings in shares of Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the period. Resources Management Corp CT ADV increased its holdings in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Samsara by 6.8% in the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after purchasing an additional 497 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

Samsara Price Performance

Shares of Samsara stock opened at $50.89 on Friday. The business’s 50 day simple moving average is $48.26 and its 200 day simple moving average is $40.68. Samsara Inc. has a 52-week low of $25.76 and a 52-week high of $53.98.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same quarter last year, the firm earned ($0.11) EPS. Samsara’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, equities analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Samsara

In related news, insider John Bicket sold 93,212 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total value of $3,721,023.04. Following the completion of the sale, the insider now directly owns 76,800 shares in the company, valued at $3,065,856. The trade was a 54.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjit Biswas sold 78,295 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.50, for a total value of $3,170,947.50. Following the completion of the sale, the chief executive officer now owns 908,004 shares of the company’s stock, valued at $36,774,162. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,864,730 shares of company stock worth $84,375,885. 60.04% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IOT. TD Cowen upped their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Evercore ISI upped their target price on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Royal Bank of Canada upped their target price on Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Truist Financial upped their target price on Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus target price of $44.20.

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.