Raymond James Financial Inc. Purchases New Holdings in Samsara Inc. (NYSE:IOT)

Raymond James Financial Inc. bought a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 60,286 shares of the company's stock, valued at approximately $2,634,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IOT. Intech Investment Management LLC bought a new stake in Samsara during the third quarter valued at about $644,000. Daiwa Securities Group Inc. raised its stake in shares of Samsara by 12.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,800 shares of the company's stock worth $760,000 after acquiring an additional 1,800 shares in the last quarter. Private Trust Co. NA lifted its position in Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock valued at $75,000 after acquiring an additional 250 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Samsara by 14.1% in the third quarter. The Manufacturers Life Insurance Company now owns 47,723 shares of the company's stock valued at $2,296,000 after acquiring an additional 5,897 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new position in Samsara in the third quarter worth $2,308,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Price Performance

IOT stock traded up $0.16 during trading on Tuesday, hitting $38.49. 2,228,112 shares of the company traded hands, compared to its average volume of 3,579,498. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The company has a market cap of $21.60 billion, a PE ratio of -81.93 and a beta of 1.63. The stock's 50-day simple moving average is $47.23 and its 200 day simple moving average is $47.99.

Remove Ads

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective for the company. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research note on Monday, March 10th. Finally, Loop Capital upped their price target on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Samsara has a consensus rating of "Moderate Buy" and an average price target of $49.60.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 94,020 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $42.68, for a total transaction of $4,012,773.60. Following the transaction, the insider now owns 114,000 shares in the company, valued at approximately $4,865,520. This represents a 45.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the sale, the insider now directly owns 331,106 shares in the company, valued at approximately $17,839,991.28. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,607,296 shares of company stock valued at $70,334,047. Corporate insiders own 60.04% of the company's stock.

Samsara Company 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.