Sigma Planning Corp Trims Position in Samsara Inc. (NYSE:IOT)

Sigma Planning Corp lowered its position in Samsara Inc. (NYSE:IOT) by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,882 shares of the company’s stock after selling 4,006 shares during the quarter. Sigma Planning Corp’s holdings in Samsara were worth $716,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Resources Management Corp CT ADV increased its position in shares of Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the last quarter. UMB Bank n.a. lifted its stake in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Samsara during the second quarter worth $38,000. Nemes Rush Group LLC acquired a new stake in shares of Samsara in the second quarter valued at $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after buying an additional 1,000 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on IOT shares. Piper Sandler lifted their target price on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley upped their target price on shares of Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Truist Financial raised their price target on shares of Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Wells Fargo & Company increased their price objective on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Evercore ISI upped their price target on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.20.

Samsara Price Performance

NYSE:IOT opened at $50.89 on Friday. The firm has a market cap of $28.31 billion, a price-to-earnings ratio of -110.08 and a beta of 1.52. Samsara Inc. has a 1-year low of $25.76 and a 1-year high of $53.98. The firm’s fifty day moving average price is $48.26 and its 200 day moving average price is $40.68.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other Samsara news, 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 transaction of $3,170,947.50. Following the sale, the chief executive officer now directly owns 908,004 shares in the company, valued at approximately $36,774,162. The trade was a 7.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,864,730 shares of company stock worth $84,375,885 over the last three months. 60.04% of the stock is currently owned by corporate insiders.

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.