Baillie Gifford & Co. Has $1.44 Billion Stock Holdings in Samsara Inc. (NYSE:IOT)

Baillie Gifford & Co. reduced its stake in Samsara Inc. (NYSE:IOT - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,929,387 shares of the company's stock after selling 915,003 shares during the quarter. Samsara accounts for 1.1% of Baillie Gifford & Co.'s portfolio, making the stock its 24th largest position. Baillie Gifford & Co. owned approximately 5.87% of Samsara worth $1,438,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IOT. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter worth about $34,000. Continuum Advisory LLC lifted its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after buying an additional 247 shares in the last quarter. UMB Bank n.a. lifted its position in Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock worth $72,000 after buying an additional 635 shares in the last quarter. Private Trust Co. NA lifted its position in Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after buying an additional 250 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Samsara by 77.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company's stock worth $91,000 after buying an additional 821 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Stock Performance

Shares of Samsara stock traded down $4.11 on Thursday, reaching $54.73. 6,866,400 shares of the stock were exchanged, compared to its average volume of 2,865,874. The firm's 50 day moving average is $48.62 and its 200-day moving average is $47.60. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The firm has a market cap of $30.71 billion, a PE ratio of -116.44 and a beta of 1.61.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 170,416 shares of the company'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 value of $7,719,844.80. Following the completion of the transaction, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. This represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 23,960 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the completion of the transaction, the insider now owns 331,106 shares of the company's stock, valued at approximately $14,505,753.86. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,530,506 shares of company stock valued at $75,086,182. Company insiders own 60.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, November 18th. 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. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price target on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.