IFM Investors Pty Ltd Invests $1.27 Million in Samsara Inc. (NYSE:IOT)

IFM Investors Pty Ltd acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the first quarter, according to its most recent filing with the SEC. The fund acquired 33,541 shares of the company’s stock, valued at approximately $1,268,000.

A number of other institutional investors have also added to or reduced their stakes in IOT. Janney Capital Management LLC lifted its holdings in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after buying an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after purchasing an additional 381 shares during the period. Ulland Investment Advisors LLC boosted its holdings in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after purchasing an additional 600 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Samsara by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock valued at $2,216,000 after purchasing an additional 644 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Samsara by 1.8% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 46,181 shares of the company’s stock worth $1,164,000 after buying an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Insider Buying and Selling at Samsara

In related news, CEO Sanjit Biswas sold 92,216 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the transaction, the chief executive officer now directly owns 662,119 shares in the company, valued at approximately $21,141,459.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Samsara news, insider John Bicket sold 92,190 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total transaction of $2,943,626.70. Following the transaction, the insider now directly owns 655,982 shares of the company’s stock, valued at approximately $20,945,505.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 92,216 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the completion of the sale, the chief executive officer now directly owns 662,119 shares of the company’s stock, valued at $21,141,459.67. The disclosure for this sale can be found here. Insiders sold a total of 1,697,460 shares of company stock worth $58,340,865 over the last three months. Company insiders own 66.14% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of several recent analyst reports. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Loop Capital began coverage on Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Samsara Stock Performance

NYSE:IOT traded up $1.60 during mid-day trading on Friday, reaching $35.99. The stock had a trading volume of 2,864,112 shares, compared to its average volume of 2,815,921. The stock has a market capitalization of $19.81 billion, a P/E ratio of -67.91 and a beta of 1.56. The firm has a 50 day moving average price of $34.71 and a two-hundred day moving average price of $31.58. Samsara Inc. has a one year low of $16.63 and a one year high of $40.54.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Research analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current year.

About Samsara

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.