Russell Investments Group Ltd. Has $364,000 Stock Holdings in Samsara Inc. (NYSE:IOT)

Russell Investments Group Ltd. cut its stake in shares of Samsara Inc. (NYSE:IOT) by 89.4% during the fourth quarter, Holdings Channel reports. The firm owned 10,909 shares of the company’s stock after selling 91,525 shares during the quarter. Russell Investments Group Ltd.’s holdings in Samsara were worth $364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised 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 worth $22,428,000 after purchasing an additional 254,473 shares during the period. Creative Planning acquired a new position in Samsara during the third quarter valued at $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new position in Samsara during the fourth quarter valued at $854,000. Principal Financial Group Inc. raised its position in 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 buying an additional 640,321 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in 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 buying an additional 37,316 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In other news, CEO Sanjit Biswas sold 80,342 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $33.74, for a total transaction of $2,710,739.08. Following the completion of the sale, the chief executive officer now owns 385,993 shares in the company, valued at approximately $13,023,403.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sanjit Biswas sold 80,342 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $33.74, for a total transaction of $2,710,739.08. Following the completion of the sale, the chief executive officer now owns 385,993 shares in the company, valued at approximately $13,023,403.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Eltoukhy sold 72,300 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $38.71, for a total value of $2,798,733.00. Following the sale, the insider now owns 194,735 shares of the company’s stock, valued at approximately $7,538,191.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,751,603 shares of company stock worth $62,994,825. 66.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IOT has been the topic of several recent analyst reports. Loop Capital initiated coverage on Samsara in a research report on Thursday, April 18th. They set a “buy” rating and a $42.00 price target on the stock. StockNews.com lowered Samsara from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.60.

Samsara Price Performance

Shares of IOT stock opened at $40.47 on Thursday. Samsara Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $42.28. The stock’s 50-day moving average is $36.21 and its two-hundred day moving average is $33.49. The firm has a market cap of $22.28 billion, a P/E ratio of -76.36 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 for the quarter, hitting 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 company had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. As a group, research analysts expect that Samsara Inc. will post -0.4 EPS for the current year.

Samsara Profile

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.