Slow Capital Inc. Invests $3.45 Million in Samsara Inc. (NYSE:IOT)

Slow Capital Inc. bought a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, Holdings Channel.com reports. The fund bought 103,331 shares of the company’s stock, valued at approximately $3,449,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IOT. Baillie Gifford & Co. boosted its position in shares of Samsara by 5.4% during the 3rd quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock valued at $569,398,000 after purchasing an additional 1,166,989 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Samsara by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,342,618 shares of the company’s stock valued at $361,577,000 after acquiring an additional 898,428 shares in the last quarter. Morgan Stanley increased its position in shares of Samsara by 4.6% during the fourth quarter. Morgan Stanley now owns 7,326,909 shares of the company’s stock worth $91,073,000 after acquiring an additional 320,468 shares in the last quarter. FMR LLC lifted its position in Samsara by 11.8% in the 3rd quarter. FMR LLC now owns 6,959,343 shares of the company’s stock valued at $175,445,000 after acquiring an additional 731,963 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Samsara by 5.1% during the 3rd quarter. Alliancebernstein L.P. now owns 4,951,544 shares of the company’s stock valued at $59,765,000 after purchasing an additional 239,226 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.56.

Insider Buying and Selling

In related news, CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $32.50, for a total transaction of $3,120,000.00. Following the completion of the sale, the chief executive officer now owns 754,335 shares in the company, valued at $24,515,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider John Bicket sold 92,190 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,943,626.70. Following the transaction, the insider now owns 655,982 shares of the company’s stock, valued at approximately $20,945,505.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00. Following the transaction, the chief executive officer now owns 754,335 shares of the company’s stock, valued at approximately $24,515,887.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,591,038 shares of company stock valued at $55,006,636. 66.14% of the stock is owned by insiders.

Samsara Stock Performance

Shares of IOT stock traded up $0.51 during trading on Wednesday, hitting $30.94. The company’s stock had a trading volume of 4,430,685 shares, compared to its average volume of 3,170,963. The business has a fifty day moving average of $34.94 and a 200-day moving average of $31.15. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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 business had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $258.56 million. As a group, sell-side analysts expect that Samsara Inc. will post -0.4 earnings per share 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.