Blue Trust Inc. Raises Holdings in Samsara Inc. (NYSE:IOT)

Blue Trust Inc. grew its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 11,115.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,290 shares of the company's stock after acquiring an additional 7,225 shares during the period. Blue Trust Inc.'s holdings in Samsara were worth $351,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Samsara by 2.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 38,679 shares of the company's stock worth $1,690,000 after purchasing an additional 802 shares during the period. Juncture Wealth Strategies LLC grew its stake in shares of Samsara by 5.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 18,250 shares of the company's stock worth $797,000 after buying an additional 927 shares during the last quarter. Vishria Bird Financial Group LLC increased its position in Samsara by 76.3% during the 4th quarter. Vishria Bird Financial Group LLC now owns 8,037 shares of the company's stock valued at $351,000 after buying an additional 3,477 shares in the last quarter. Zweig DiMenna Associates LLC raised its stake in Samsara by 259.1% during the fourth quarter. Zweig DiMenna Associates LLC now owns 369,850 shares of the company's stock valued at $16,159,000 after buying an additional 266,850 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in Samsara by 14.1% in the fourth quarter. RFG Advisory LLC now owns 14,659 shares of the company's stock worth $640,000 after acquiring an additional 1,815 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

IOT has been the subject of several recent analyst reports. Royal Bank of Canada lifted 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. BNP Paribas started coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 target price for the company. Craig Hallum began coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $51.67.

Samsara Stock Up 2.7 %

Shares of Samsara stock traded up $1.40 during trading hours on Wednesday, reaching $53.99. 2,475,081 shares of the stock traded hands, compared to its average volume of 2,532,221. The company has a 50 day moving average price of $47.66 and a 200 day moving average price of $46.15. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of -114.88 and a beta of 1.61.

Insider Activity at Samsara

In other news, insider Adam Eltoukhy sold 9,307 shares of Samsara stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the transaction, the insider now directly owns 396,784 shares of the company's stock, valued at $19,660,647.20. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the completion of the sale, the chief executive officer now directly owns 195,886 shares of the company's stock, valued at $9,866,777.82. This represents a 32.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,549,936 shares of company stock worth $75,624,852. 60.04% of the stock is owned by company insiders.

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.