Alberta Investment Management Corp Takes $3.46 Million Position in Samsara Inc. (NYSE:IOT)

Alberta Investment Management Corp purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 79,200 shares of the company's stock, valued at approximately $3,460,000.

Several other institutional investors have also added to or reduced their stakes in IOT. Atria Wealth Solutions Inc. grew its holdings in shares of Samsara by 15.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 13,348 shares of the company's stock valued at $583,000 after buying an additional 1,818 shares during the last quarter. CIBC Asset Management Inc boosted its position in Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after buying an additional 300 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Samsara by 3.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 81,334 shares of the company's stock worth $3,553,000 after buying an additional 3,047 shares during the period. Blue Trust Inc. raised its position in Samsara by 10,923.1% during the 4th quarter. Blue Trust Inc. now owns 7,165 shares of the company's stock worth $313,000 after buying an additional 7,100 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Samsara in the 4th quarter valued at $1,521,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Trading Down 3.5 %

IOT stock traded down $1.92 during mid-day trading on Friday, reaching $52.73. The company's stock had a trading volume of 3,908,879 shares, compared to its average volume of 2,896,595. The stock has a market cap of $29.59 billion, a PE ratio of -112.19 and a beta of 1.61. The company's 50 day moving average is $48.79 and its two-hundred day moving average is $47.65. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Insider Activity at Samsara

In other news, CEO Sanjit Biswas sold 75,594 shares of Samsara stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the sale, the chief executive officer now owns 120,292 shares of the company's stock, valued at approximately $6,723,119.88. The trade was a 38.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Bicket sold 75,600 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00. Following the sale, the insider now directly owns 400,020 shares of the company's stock, valued at approximately $22,357,117.80. This trade represents a 15.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,530,506 shares of company stock valued at $75,086,182. 60.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Piper Sandler increased their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Truist Financial lifted their price target on Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company increased their price target on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.67.

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.