Vanguard Personalized Indexing Management LLC Buys 1,538 Shares of Samsara Inc. (NYSE:IOT)

Posted by Defense World Staff on Sep 2nd, 2023

Vanguard Personalized Indexing Management LLC raised its stake in shares of Samsara Inc. (NYSE:IOT – Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,448 shares of the company’s stock after acquiring an additional 1,538 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Samsara were worth $245,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Credit Suisse AG boosted its holdings in shares of Samsara by 29.3% in the 1st quarter. Credit Suisse AG now owns 79,321 shares of the company’s stock worth $1,564,000 after acquiring an additional 17,959 shares in the last quarter. Staley Capital Advisers Inc. bought a new position in Samsara in the 1st quarter valued at $296,000. WealthPLAN Partners LLC acquired a new position in Samsara in the first quarter worth $49,000. Swiss National Bank grew its holdings in shares of Samsara by 9.3% during the first quarter. Swiss National Bank now owns 191,200 shares of the company’s stock worth $3,770,000 after purchasing an additional 16,300 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Samsara in the first quarter valued at $3,279,000. Institutional investors and hedge funds own 52.47% of the company’s stock.

Samsara Price Performance

Shares of NYSE:IOT opened at $30.91 on Friday. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of -65.77 and a beta of 1.39. The firm’s 50 day simple moving average is $26.22 and its 200 day simple moving average is $22.46. Samsara Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $31.12.

Samsara (NYSE:IOT – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). Samsara had a negative net margin of 34.20% and a negative return on equity of 21.20%. The company had revenue of $204.32 million for the quarter, compared to analysts’ expectations of $193.03 million. Equities research analysts expect that Samsara Inc. will post -0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IOT shares. Wells Fargo & Company increased their price objective on shares of Samsara from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com began coverage on shares of Samsara in a report on Thursday, August 17th. They issued a “sell” rating for the company. Truist Financial upped their price objective on Samsara from $20.00 to $27.00 in a report on Friday, June 23rd. Royal Bank of Canada boosted their target price on Samsara from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Piper Sandler raised their price target on Samsara from $21.00 to $23.00 in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus price target of $26.80.

Read Our Latest Stock Analysis on IOT

Insider Buying and Selling

In other Samsara news, CEO Sanjit Biswas sold 5,321 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.95, for a total value of $122,116.95. Following the completion of the sale, the chief executive officer now directly owns 225,319 shares in the company, valued at $5,171,071.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Samsara news, CEO Sanjit Biswas sold 5,321 shares of Samsara stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $22.95, for a total value of $122,116.95. Following the transaction, the chief executive officer now owns 225,319 shares of the company’s stock, valued at $5,171,071.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bicket sold 5,754 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.94, for a total transaction of $131,996.76. Following the sale, the insider now directly owns 194,494 shares of the company’s stock, valued at approximately $4,461,692.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,303,746 shares of company stock valued at $62,782,314. 66.14% of the stock is owned by company insiders.

About Samsara

(Free Report)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.