Plato Investment Management Ltd Acquires 15,982 Shares of Samsara Inc. (NYSE:IOT)

Plato Investment Management Ltd increased its holdings in Samsara Inc. (NYSE:IOT) by 220.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,240 shares of the company’s stock after buying an additional 15,982 shares during the period. Plato Investment Management Ltd’s holdings in Samsara were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Samsara by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock valued at $32,360,000 after acquiring an additional 79,773 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Samsara by 9.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,104 shares of the company’s stock valued at $504,000 after purchasing an additional 1,340 shares in the last quarter. Norges Bank bought a new position in shares of Samsara in the 4th quarter valued at $11,693,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Samsara during the 4th quarter worth $1,212,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Samsara in the fourth quarter valued at about $206,000. 89.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $29.49, for a total transaction of $2,831,040.00. Following the transaction, the chief executive officer now directly owns 1,466,299 shares in the company, valued at approximately $43,241,157.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total value of $14,894,042.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $29.49, for a total transaction of $2,831,040.00. Following the transaction, the chief executive officer now owns 1,466,299 shares in the company, valued at approximately $43,241,157.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,858,859 shares of company stock worth $73,525,632. 60.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IOT has been the subject of several research analyst reports. Truist Financial boosted their target price on Samsara from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Bank of America increased their price objective on shares of Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. BMO Capital Markets upped their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Finally, Wolfe Research restated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.07.

Samsara Stock Up 2.5 %

IOT opened at $47.44 on Monday. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $47.68. The company has a fifty day moving average of $39.21 and a 200-day moving average of $36.55. The stock has a market cap of $26.13 billion, a PE ratio of -94.88 and a beta of 1.50.

Samsara (NYSE:IOT) last issued its quarterly 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 net margin of 24.19% and a negative return on equity of 20.39%. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. Sell-side analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

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.