PDT Partners LLC Has $5.21 Million Stock Position in Samsara Inc. (NYSE:IOT)

PDT Partners LLC cut its holdings in Samsara Inc. (NYSE:IOT) by 43.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,259 shares of the company’s stock after selling 82,122 shares during the period. Samsara makes up approximately 0.5% of PDT Partners LLC’s investment portfolio, making the stock its 22nd largest position. PDT Partners LLC’s holdings in Samsara were worth $5,209,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank grew 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 worth $29,623,000 after purchasing an additional 18,400 shares in the last quarter. International Assets Investment Management LLC grew its position in Samsara by 2,787.2% during the third 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 position in Samsara during the 2nd quarter worth $537,000. Magnetar Financial LLC acquired a new position in Samsara in the 2nd quarter valued at $1,240,000. Finally, RFG Advisory LLC lifted its position in shares of Samsara by 41.5% during the 2nd quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock valued at $421,000 after acquiring an additional 3,662 shares during the period. 89.39% of the stock is owned by institutional investors.

Insider Activity

In related news, insider John Bicket sold 93,212 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $39.92, for a total value of $3,721,023.04. Following the transaction, the insider now directly owns 76,800 shares in the company, valued at $3,065,856. This trade represents a 54.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,809,695 shares of company stock worth $85,445,322 in the last three months. Company insiders own 60.04% of the company’s stock.

Samsara Price Performance

NYSE IOT opened at $53.49 on Friday. Samsara Inc. has a one year low of $26.86 and a one year high of $57.51. The business has a 50 day simple moving average of $49.91 and a 200 day simple moving average of $41.94. The stock has a market capitalization of $29.76 billion, a P/E ratio of -111.44 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IOT shares. Morgan Stanley raised their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Craig Hallum began coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price for the company. BNP Paribas began coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.67.

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.