Samsara Inc. (NYSE:IOT) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its holdings in Samsara Inc. (NYSE:IOT) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,350 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Arkadios Wealth Advisors’ holdings in Samsara were worth $888,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IOT. Baillie Gifford & Co. grew its holdings in Samsara by 18.1% during the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock worth $924,499,000 after acquiring an additional 4,207,974 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after purchasing an additional 3,853,400 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Samsara by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after purchasing an additional 2,797,326 shares during the period. Vanguard Group Inc. boosted its holdings in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after buying an additional 1,841,149 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Samsara during the second quarter valued at $29,464,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 83,583 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $41.94, for a total value of $3,505,471.02. Following the transaction, the insider now owns 1,172,457 shares of the company’s stock, valued at $49,172,846.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sanjit Biswas sold 84,030 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $41.94, for a total transaction of $3,524,218.20. Following the sale, the chief executive officer now directly owns 806,269 shares of the company’s stock, valued at approximately $33,814,921.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Bicket sold 83,583 shares of Samsara stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $41.94, for a total transaction of $3,505,471.02. Following the completion of the transaction, the insider now owns 1,172,457 shares of the company’s stock, valued at approximately $49,172,846.58. The disclosure for this sale can be found here. Insiders have sold 1,711,535 shares of company stock worth $60,251,570 over the last quarter. 60.04% of the stock is currently owned by company insiders.

Samsara Price Performance

Shares of IOT traded down $0.36 during mid-day trading on Friday, reaching $40.25. The stock had a trading volume of 302,781 shares, compared to its average volume of 3,612,303. The business’s fifty day moving average is $36.99 and its 200 day moving average is $35.77. Samsara Inc. has a 52-week low of $21.48 and a 52-week high of $42.49. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of -81.22 and a beta of 1.49.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America began coverage on Samsara in a report on Thursday, June 20th. They issued a “buy” rating and a $37.00 price target for the company. StockNews.com lowered Samsara from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Piper Sandler reissued a “neutral” rating and issued a $36.00 price target on shares of Samsara in a report on Friday, June 28th. Wolfe Research reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Samsara in a report on Friday, June 28th. Finally, BMO Capital Markets restated a “market perform” rating and set a $40.00 price target on shares of Samsara in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.17.

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.