UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 300,691 Shares of Samsara Inc. (NYSE:IOT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Samsara Inc. (NYSE:IOT) by 12.5% during the third quarter, Holdings Channel.com reports. The fund owned 2,099,347 shares of the company’s stock after selling 300,691 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Samsara were worth $101,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in IOT. Swiss National Bank raised its position in shares of Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares during the period. International Assets Investment Management LLC increased its stake in Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after buying an additional 10,452 shares in the last quarter. Bank of Montreal Can bought a new stake in Samsara during the second quarter valued at about $537,000. Magnetar Financial LLC purchased a new position in shares of Samsara in the second quarter valued at about $1,240,000. Finally, RFG Advisory LLC boosted its stake in shares of Samsara by 41.5% in the second quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock worth $421,000 after acquiring an additional 3,662 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Stock Down 0.5 %

IOT opened at $53.49 on Monday. Samsara Inc. has a 52 week low of $26.86 and a 52 week high of $57.51. The company has a market capitalization of $29.76 billion, a P/E ratio of -111.44 and a beta of 1.52. The stock’s fifty day moving average is $49.91 and its two-hundred day moving average is $41.95.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Equities analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

IOT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Wells Fargo & Company upped their target price on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. BNP Paribas initiated coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Craig Hallum started coverage on shares of Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Finally, StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Samsara presently has a consensus rating of “Hold” and a consensus target price of $46.43.

Insider Activity at Samsara

In related news, CEO Sanjit Biswas sold 93,107 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total transaction of $3,716,831.44. Following the sale, the chief executive officer now owns 76,800 shares of the company’s stock, valued at $3,065,856. This trade represents a 54.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James Andrew Munk sold 1,093 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares of the company’s stock, valued at $15,123,445.77. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,809,695 shares of company stock valued at $85,445,322 over the last ninety days. 60.04% of the stock is owned by company insiders.

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.