AXS Investments LLC Purchases New Stake in Samsara Inc. (NYSE:IOT)

AXS Investments LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $334,000.

A number of other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Samsara by 40.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock valued at $22,428,000 after buying an additional 254,473 shares during the last quarter. Creative Planning purchased a new position in Samsara during the 3rd quarter worth $5,878,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Samsara in the 4th quarter worth $854,000. Principal Financial Group Inc. lifted its position in shares of Samsara by 608.4% during the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after purchasing an additional 640,321 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Samsara by 54.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock valued at $2,656,000 after purchasing an additional 37,316 shares in the last quarter. 89.39% of the stock is owned by institutional investors.

Insider Activity at Samsara

In other news, CAO James Andrew Munk sold 4,059 shares of Samsara stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total value of $148,031.73. Following the completion of the transaction, the chief accounting officer now owns 303,126 shares in the company, valued at $11,055,005.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Samsara news, CAO James Andrew Munk sold 4,059 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $36.47, for a total transaction of $148,031.73. Following the sale, the chief accounting officer now owns 303,126 shares in the company, valued at $11,055,005.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 7,674 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $40.16, for a total value of $308,187.84. Following the completion of the transaction, the chief executive officer now directly owns 1,584,712 shares of the company’s stock, valued at $63,642,033.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,837,779 shares of company stock worth $66,507,854. Company insiders own 66.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Loop Capital began coverage on shares of Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 price objective for the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Saturday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.60.

Samsara Trading Down 0.3 %

NYSE:IOT opened at $39.37 on Friday. Samsara Inc. has a 12 month low of $18.24 and a 12 month high of $42.28. The firm’s 50 day moving average is $36.34 and its 200 day moving average is $33.70. The stock has a market capitalization of $21.67 billion, a PE ratio of -74.28 and a beta of 1.58.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Research analysts predict 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.