Arkadios Wealth Advisors Buys 10,000 Shares of Samsara Inc. (NYSE:IOT)

Arkadios Wealth Advisors increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,350 shares of the company's stock after acquiring an additional 10,000 shares during the period. Arkadios Wealth Advisors' holdings in Samsara were worth $1,588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IOT. Baillie Gifford & Co. lifted its holdings in Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock valued at $1,628,592,000 after acquiring an additional 6,411,178 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock valued at $90,026,000 after buying an additional 1,777,757 shares in the last quarter. FMR LLC lifted its stake in Samsara by 15.6% during the third quarter. FMR LLC now owns 11,890,600 shares of the company's stock valued at $572,176,000 after buying an additional 1,604,822 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company's stock worth $77,421,000 after acquiring an additional 734,619 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company's stock valued at $88,013,000 after acquiring an additional 650,982 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Transactions at Samsara

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total value of $5,160,489.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 170,416 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares of the company's stock, valued at approximately $53,253,275.70. This represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,606,542 shares of company stock worth $77,988,715. 60.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IOT has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. BNP Paribas started coverage on Samsara in a research report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price objective for the company. Truist Financial increased their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Royal Bank of Canada raised their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $51.29.

Samsara Trading Up 2.0 %

Shares of Samsara stock traded up $0.93 during trading on Friday, hitting $46.75. 2,292,458 shares of the stock were exchanged, compared to its average volume of 2,715,515. The company has a fifty day moving average price of $48.40 and a 200-day moving average price of $44.95. The stock has a market capitalization of $26.24 billion, a price-to-earnings ratio of -99.48 and a beta of 1.59. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

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.