Samsara Inc. (NYSE:IOT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its position in Samsara Inc. (NYSE:IOT - Free Report) by 10,923.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,165 shares of the company's stock after purchasing an additional 7,100 shares during the period. Blue Trust Inc.'s holdings in Samsara were worth $313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IOT. Hobbs Group Advisors LLC purchased a new position in Samsara during the third quarter valued at approximately $34,000. Continuum Advisory LLC boosted its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after acquiring an additional 635 shares during the period. Private Trust Co. NA raised its position in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after acquiring an additional 250 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 821 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 23,960 shares of the company's stock in a transaction dated 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 sale, the insider now owns 331,106 shares of the company's stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 75,600 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the completion of the sale, the insider now owns 400,020 shares of the company's stock, valued at approximately $22,357,117.80. The trade was a 15.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,530,506 shares of company stock worth $75,086,182 in the last three months. Company insiders own 60.04% of the company's stock.

Samsara Trading Down 3.5 %

Shares of IOT stock traded down $1.92 during trading hours on Friday, hitting $52.73. The company's stock had a trading volume of 3,908,535 shares, compared to its average volume of 2,896,573. The company has a 50 day moving average of $48.79 and a 200 day moving average of $47.65. The stock has a market cap of $29.59 billion, a PE ratio of -112.19 and a beta of 1.61. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IOT shares. Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Ten equities 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, the stock has a consensus rating of "Hold" and an average price target of $51.67.

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.