EPIQ Capital Group LLC Acquires 5,877 Shares of Samsara Inc. (NYSE:IOT)

EPIQ Capital Group LLC boosted its holdings in Samsara Inc. (NYSE:IOT) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,092 shares of the company’s stock after purchasing an additional 5,877 shares during the quarter. Samsara makes up approximately 0.5% of EPIQ Capital Group LLC’s holdings, making the stock its 24th biggest position. EPIQ Capital Group LLC’s holdings in Samsara were worth $1,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IOT. Quarry LP purchased a new stake in shares of Samsara in the fourth quarter worth about $37,000. National Bank of Canada FI purchased a new stake in shares of Samsara during the 2nd quarter worth approximately $38,000. Tradition Wealth Management LLC bought a new position in shares of Samsara during the 4th quarter valued at approximately $46,000. Ulland Investment Advisors LLC grew its holdings in shares of Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in Samsara in the first quarter worth $94,000. Institutional investors own 89.39% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the sale, the chief accounting officer now owns 319,667 shares in the company, valued at $15,123,445.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.06, for a total value of $14,894,042.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,858,859 shares of company stock worth $73,525,632. Company insiders own 60.04% of the company’s stock.

Samsara Stock Down 1.0 %

Shares of IOT opened at $46.95 on Tuesday. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $47.79. The company has a market cap of $25.86 billion, a price-to-earnings ratio of -93.90 and a beta of 1.50. The company has a 50 day moving average of $39.43 and a two-hundred day moving average of $36.64.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 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 firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Samsara’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, sell-side analysts expect that Samsara Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their target price on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America boosted their target price on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada upped their target price on shares of Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

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.