International Assets Investment Management LLC Invests $162,000 in Samsara Inc. (NYSE:IOT)

International Assets Investment Management LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,840 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds also recently bought and sold shares of the company. Fred Alger Management LLC purchased a new position in shares of Samsara during the third quarter worth approximately $28,000. Ulland Investment Advisors LLC lifted its stake in Samsara by 67.4% in the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after purchasing an additional 600 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Samsara during the third quarter valued at about $202,000. Stonegate Investment Group LLC bought a new position in shares of Samsara during the fourth quarter valued at about $229,000. Finally, Spinnaker Investment Group LLC purchased a new position in shares of Samsara in the fourth quarter worth about $244,000. Institutional investors own 89.39% of the company’s stock.

Samsara Stock Up 4.7 %

Shares of Samsara stock opened at $35.99 on Monday. The company has a market cap of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56. The business has a 50 day moving average of $34.71 and a 200 day moving average of $31.58. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CAO James Andrew Munk sold 4,059 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 of the company’s stock, valued at approximately $11,055,005.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00. Following the sale, the chief executive officer now owns 1,115,921 shares of the company’s stock, valued at $34,292,252.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James Andrew Munk sold 4,059 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $36.47, for a total transaction of $148,031.73. Following the transaction, the chief accounting officer now directly owns 303,126 shares of the company’s stock, valued at approximately $11,055,005.22. The disclosure for this sale can be found here. Insiders sold 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.

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.