Barclays PLC Has $19.83 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Barclays PLC lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 163.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 412,066 shares of the company's stock after purchasing an additional 255,532 shares during the quarter. Barclays PLC owned about 0.07% of Samsara worth $19,829,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Samsara by 165.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,848 shares of the company's stock worth $534,000 after buying an additional 9,875 shares during the period. Swedbank AB bought a new stake in shares of Samsara in the second quarter worth $105,000. Assenagon Asset Management S.A. acquired a new position in Samsara during the second quarter worth $293,000. Carnegie Investment Counsel bought a new position in Samsara in the second quarter valued at $2,125,000. Finally, Slow Capital Inc. increased its stake in Samsara by 14.4% in the 2nd quarter. Slow Capital Inc. now owns 116,935 shares of the company's stock valued at $3,941,000 after buying an additional 14,730 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Samsara news, CAO James Andrew Munk sold 13,547 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.88, for a total transaction of $621,536.36. Following the transaction, the chief accounting officer now owns 306,120 shares in the company, valued at $14,044,785.60. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.44, for a total value of $91,858.32. The disclosure for this sale can be found here. Insiders have sold 1,565,669 shares of company stock worth $77,896,962 in the last 90 days. Company insiders own 60.04% of the company's stock.

Samsara Stock Performance

NYSE:IOT traded down $0.35 during mid-day trading on Friday, hitting $46.08. 3,923,336 shares of the stock were exchanged, compared to its average volume of 3,583,719. The firm's 50-day simple moving average is $50.46 and its 200 day simple moving average is $42.72. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of -98.04 and a beta of 1.53. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BNP Paribas started coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price objective for the company. Bank of America boosted their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their price target on Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Samsara presently has a consensus rating of "Hold" and a consensus target price of $51.29.

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.