Perigon Wealth Management LLC Takes $505,000 Position in Samsara Inc. (NYSE:IOT)

Perigon Wealth Management LLC bought a new stake in Samsara Inc. (NYSE:IOT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,127 shares of the company’s stock, valued at approximately $505,000.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of Samsara during the fourth quarter valued at $27,000. Fred Alger Management LLC acquired a new position in Samsara in the third quarter valued at $28,000. Macquarie Group Ltd. raised its position in shares of Samsara by 37.3% in the 4th quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock worth $30,000 after acquiring an additional 649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Samsara in the 2nd quarter valued at about $33,000. Finally, Ulland Investment Advisors LLC raised its position in shares of Samsara by 67.4% during the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after purchasing an additional 600 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,344 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.75, for a total transaction of $324,704.00. Following the completion of the transaction, the insider now directly owns 431,439 shares of the company’s stock, valued at $14,992,505.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Dominic Phillips sold 63,867 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.92, for a total value of $2,230,235.64. Following the completion of the transaction, the insider now directly owns 1,137,252 shares of the company’s stock, valued at $39,712,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 9,344 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.75, for a total value of $324,704.00. Following the sale, the insider now directly owns 431,439 shares in the company, valued at approximately $14,992,505.25. The disclosure for this sale can be found here. Insiders sold a total of 1,591,038 shares of company stock worth $55,006,636 in the last quarter. Insiders own 66.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Samsara presently has an average rating of “Hold” and an average price target of $31.56.

Samsara Stock Down 4.5 %

IOT stock opened at $30.43 on Tuesday. The business has a 50 day moving average of $34.95 and a 200-day moving average of $31.11. Samsara Inc. has a 12-month low of $16.63 and a 12-month high of $40.54.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, 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.