Commonwealth Equity Services LLC Sells 13,977 Shares of Samsara Inc. (NYSE:IOT)

Commonwealth Equity Services LLC lessened its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 44.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,665 shares of the company's stock after selling 13,977 shares during the quarter. Commonwealth Equity Services LLC's holdings in Samsara were worth $772,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Samsara in the 4th quarter worth about $31,000. Hobbs Group Advisors LLC purchased a new position in shares of Samsara during the third quarter worth about $34,000. IFP Advisors Inc increased its position in shares of Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the last quarter. Continuum Advisory LLC raised its stake in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Samsara by 62.1% during the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after purchasing an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IOT. Royal Bank of Canada decreased their price target on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Truist Financial reduced their target price on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. 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 note on Monday, March 10th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Finally, Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Samsara has an average rating of "Moderate Buy" and a consensus price target of $49.60.

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Insider Buying and Selling

In other news, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the sale, the insider now directly owns 331,106 shares of the company's stock, valued at $17,839,991.28. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the sale, the director now directly owns 373,579 shares in the company, valued at $14,464,978.88. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,569,339 shares of company stock valued at $68,470,932 over the last ninety days. Company insiders own 60.04% of the company's stock.

Samsara Trading Up 0.1 %

Samsara stock traded up $0.04 during trading hours on Monday, hitting $33.50. 9,619,457 shares of the stock traded hands, compared to its average volume of 3,701,932. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company has a market cap of $19.07 billion, a PE ratio of -71.27 and a beta of 1.71. The firm's 50-day moving average price is $45.98 and its two-hundred day moving average price is $47.57.

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.