Blair William & Co. IL Sells 14,999 Shares of Samsara Inc. (NYSE:IOT)

Blair William & Co. IL decreased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 753,156 shares of the company's stock after selling 14,999 shares during the quarter. Blair William & Co. IL owned about 0.13% of Samsara worth $32,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Samsara in the fourth quarter valued at $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the 3rd quarter valued at about $34,000. IFP Advisors Inc boosted its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after purchasing an additional 598 shares in the last quarter. Continuum Advisory LLC grew its stake in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the period. Finally, Private Trust Co. NA increased its holdings in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the transaction, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now directly owns 373,579 shares in the company, valued at approximately $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,607,296 shares of company stock worth $70,334,047. 60.04% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several analysts have recently commented on IOT shares. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Loop Capital raised their price target on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Raymond James started coverage on shares of Samsara in a report on Wednesday, February 26th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research report on Monday, March 10th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.60.

Samsara Stock Performance

IOT stock traded up $0.19 during trading on Tuesday, hitting $38.52. 1,770,277 shares of the company traded hands, compared to its average volume of 3,891,387. The company has a 50-day moving average of $47.23 and a 200-day moving average of $47.99. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm has a market capitalization of $21.61 billion, a PE ratio of -81.95 and a beta of 1.63.

About Samsara

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.