General Catalyst Group Management LLC Has $762.37 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

General Catalyst Group Management LLC decreased its holdings in Samsara Inc. (NYSE:IOTFree Report) by 9.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,240,772 shares of the company’s stock after selling 3,187,815 shares during the quarter. Samsara comprises about 72.4% of General Catalyst Group Management LLC’s portfolio, making the stock its biggest position. General Catalyst Group Management LLC owned approximately 5.65% of Samsara worth $762,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IOT. Principal Financial Group Inc. lifted its holdings in Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after acquiring an additional 640,321 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Samsara during the third quarter worth $1,102,000. EPIQ Capital Group LLC lifted its stake in Samsara by 120.9% during the third quarter. EPIQ Capital Group LLC now owns 32,837 shares of the company’s stock worth $828,000 after purchasing an additional 17,969 shares in the last quarter. Washington University acquired a new position in Samsara during the third quarter worth $3,662,000. Finally, Spence Asset Management acquired a new position in Samsara during the third quarter worth $5,772,000. Institutional investors and hedge funds own 52.47% of the company’s stock.

Samsara Trading Down 2.8 %

Shares of IOT traded down $0.98 during mid-day trading on Monday, hitting $34.49. 4,989,148 shares of the company’s stock were exchanged, compared to its average volume of 2,803,911. The firm has a market capitalization of $18.63 billion, a P/E ratio of -87.31 and a beta of 1.55. Samsara Inc. has a fifty-two week low of $15.22 and a fifty-two week high of $36.91. The business’s 50 day moving average is $33.03 and its two-hundred day moving average is $28.29.

Samsara (NYSE:IOTGet Free Report) last announced its quarterly earnings data on Thursday, November 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Samsara had a negative net margin of 26.77% and a negative return on equity of 18.88%. The firm had revenue of $237.53 million during the quarter, compared to the consensus estimate of $225.36 million. On average, equities research analysts forecast that Samsara Inc. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IOT shares. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Piper Sandler upped their price objective on Samsara from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. BMO Capital Markets increased their target price on Samsara from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, December 1st. FBN Securities began coverage on Samsara in a report on Wednesday, October 25th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on Samsara from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Samsara currently has a consensus rating of “Hold” and an average price target of $31.56.

View Our Latest Stock Analysis on IOT

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 89,800 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $25.67, for a total value of $2,305,166.00. Following the completion of the transaction, the chief executive officer now directly owns 406,324 shares of the company’s stock, valued at $10,430,337.08. The sale was disclosed in a filing with the SEC, which is available at this link. In other Samsara news, insider John Bicket sold 79,236 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $31.43, for a total value of $2,490,387.48. Following the completion of the transaction, the insider now directly owns 38,400 shares in the company, valued at approximately $1,206,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 89,800 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $25.67, for a total value of $2,305,166.00. Following the sale, the chief executive officer now owns 406,324 shares of the company’s stock, valued at $10,430,337.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,092,726 shares of company stock valued at $67,279,703. Corporate insiders own 66.14% of the company’s stock.

About Samsara

(Free Report)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

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Institutional Ownership by Quarter for Samsara (NYSE:IOT)

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