Qsemble Capital Management LP Acquires Shares of 4,755 Samsara Inc. (NYSE:IOT)

Qsemble Capital Management LP acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the third quarter, HoldingsChannel.com reports. The firm acquired 4,755 shares of the company’s stock, valued at approximately $229,000.

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

Samsara Stock Down 3.0 %

NYSE IOT opened at $53.73 on Thursday. The company has a market cap of $29.89 billion, a price-to-earnings ratio of -111.94 and a beta of 1.52. Samsara Inc. has a 52 week low of $26.13 and a 52 week high of $57.51. The business has a 50 day moving average price of $49.70 and a 200-day moving average price of $41.76.

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

Insider Buying and Selling

In related news, CEO Sanjit Biswas sold 93,107 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total transaction of $3,716,831.44. Following the completion of the sale, the chief executive officer now owns 76,800 shares in the company, valued at approximately $3,065,856. This represents a 54.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 12,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $45.00, for a total value of $562,500.00. Following the sale, the insider now owns 465,967 shares of the company’s stock, valued at $20,968,515. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,809,695 shares of company stock worth $85,445,322. 60.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IOT shares. Craig Hallum started coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Loop Capital upped their price target on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Truist Financial upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Evercore ISI upped their target price on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Samsara currently has a consensus rating of “Hold” and an average target price of $45.67.

Samsara 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.