Nvwm LLC Has $651,000 Stock Position in Samsara Inc. (NYSE:IOT)

Nvwm LLC lifted its stake in Samsara Inc. (NYSE:IOT) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,239 shares of the company’s stock after purchasing an additional 689 shares during the quarter. Nvwm LLC’s holdings in Samsara were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IOT. Vanguard Group Inc. boosted its position in shares of Samsara by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock valued at $509,379,000 after purchasing an additional 917,389 shares during the period. Baillie Gifford & Co. lifted its stake in Samsara by 3.7% in the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock worth $877,682,000 after acquiring an additional 827,848 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Samsara by 23.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,985,589 shares of the company’s stock worth $66,279,000 after acquiring an additional 372,073 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Samsara in the 1st quarter worth about $13,590,000. Finally, Norges Bank purchased a new stake in Samsara in the 4th quarter worth about $11,693,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of Samsara in a research note on Wednesday, June 26th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price objective on shares of Samsara in a research note on Tuesday, June 11th. Piper Sandler reaffirmed a “neutral” rating and set a $36.00 price target on shares of Samsara in a research note on Friday, June 28th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Evercore ISI cut their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Friday, June 7th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Moderate Buy” and a consensus target price of $37.17.

Insider Buying and Selling

In related news, CEO Sanjit Biswas sold 35,320 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $40.90, for a total transaction of $1,444,588.00. Following the completion of the transaction, the chief executive officer now owns 1,645,392 shares in the company, valued at approximately $67,296,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of Samsara stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the transaction, the insider now owns 535,149 shares in the company, valued at approximately $16,471,886.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjit Biswas sold 35,320 shares of Samsara stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.90, for a total value of $1,444,588.00. Following the completion of the transaction, the chief executive officer now owns 1,645,392 shares of the company’s stock, valued at approximately $67,296,532.80. The disclosure for this sale can be found here. Insiders sold 1,687,646 shares of company stock worth $57,540,517 in the last 90 days. 60.04% of the stock is owned by company insiders.

Samsara Price Performance

Shares of IOT stock traded up $1.25 during trading on Friday, reaching $37.51. The company had a trading volume of 2,721,267 shares, compared to its average volume of 4,008,043. The company has a market capitalization of $20.66 billion, a PE ratio of -75.02 and a beta of 1.49. The firm’s 50 day simple moving average is $35.18 and its two-hundred day simple moving average is $34.37. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. The company had revenue of $280.73 million for the quarter, compared to analyst estimates of $272.51 million. Analysts forecast that Samsara Inc. will post -0.39 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.