Sands Capital Management Reduces $111M in Samsara Inc. ($IOT)
Key Points
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Sands Capital Management reduced its position in Samsara Inc. ($IOT) by 18.12% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,657,744 shares of Samsara Inc. after selling 3,465,574 shares during the quarter. Sands Capital Management's holdings in Samsara Inc. were worth $502.61 million as of its most recent filing.
Samsara Inc. Stock Down 22.0%
Shares of Samsara Inc. ($IOT) traded around $32.10 on Saturday, down 22.0% for the day.
Samsara Inc. Earnings
Analysts Set New Price Targets
About Samsara Inc.
Samsara Inc. provides solutions to connect physical operations data to its connected operations platform in the United States and internationally. The company's Connected Operations Platform includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and which has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy. Its applications include video-based safety; and telematics, which provides visibility into real-time vehicle location and diagnostics with GPS tracking, routing and dispatch, fuel management, driver recognition, electric vehicle usage and charge planning, preventative maintenance, and insights to manage fuel and energy costs. The company also provides site visibility that provides remote visibility into sites to enhance onsite security, safety, and incident response times. It serves transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and other industries. The company was incorporated in 2015 and is headquartered in San Francisco, California.
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