Washington Harbour Partners LP Purchases Shares of 30,426 Samsara Inc. (NYSE:IOT)

Washington Harbour Partners LP acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,426 shares of the company’s stock, valued at approximately $1,150,000. Samsara comprises about 1.9% of Washington Harbour Partners LP’s investment portfolio, making the stock its 21st largest position.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Samsara during the fourth quarter valued at $37,000. Montag A & Associates Inc. lifted its holdings in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after acquiring an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC bought a new position in shares of Samsara in the 4th quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in Samsara by 33.6% during the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Trading Down 4.2 %

Shares of Samsara stock traded down $1.62 on Thursday, hitting $36.66. 2,895,437 shares of the company traded hands, compared to its average volume of 3,745,216. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $42.28. The company has a market cap of $20.19 billion, a PE ratio of -73.32 and a beta of 1.49. The stock’s 50 day moving average price is $34.33 and its 200-day moving average price is $34.81.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $272.51 million. As a group, research analysts anticipate that Samsara Inc. will post -0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Marc L. Andreessen sold 277,484 shares of Samsara stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $28.88, for a total transaction of $8,013,737.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Samsara news, insider John Bicket sold 71,521 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.17, for a total transaction of $2,729,956.57. Following the completion of the sale, the insider now directly owns 154,631 shares of the company’s stock, valued at $5,902,265.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc L. Andreessen sold 277,484 shares of Samsara stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,704,810 shares of company stock worth $59,699,314 in the last three months. Corporate insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Saturday, May 25th. Wolfe Research reiterated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. Loop Capital reissued a “buy” rating and issued a $42.00 target price on shares of Samsara in a research note on Friday, June 28th. Piper Sandler reaffirmed a “neutral” rating and set a $36.00 price target on shares of Samsara in a research note on Friday, June 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price objective on shares of Samsara in a research report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.17.

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.