Entropy Technologies LP acquired a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 34,820 shares of the company's stock, valued at approximately $1,521,000.
A number of other large investors have also made changes to their positions in IOT. Hobbs Group Advisors LLC bought a new position in Samsara during the 3rd quarter worth about $34,000. Continuum Advisory LLC increased its holdings in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares in the last quarter. UMB Bank n.a. increased its holdings in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Samsara by 250.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock worth $67,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Samsara by 19.2% during the 3rd 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 own 96.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on IOT. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Royal Bank of Canada increased their target price on Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. BMO Capital Markets increased 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. Truist Financial increased their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, November 18th. Finally, Loop Capital increased their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Samsara presently has an average rating of "Hold" and a consensus price target of $51.67.
View Our Latest Stock Analysis on Samsara
Samsara Stock Performance
NYSE:IOT traded up $0.55 during mid-day trading on Thursday, hitting $56.32. The stock had a trading volume of 2,857,661 shares, compared to its average volume of 2,564,982. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of -119.82 and a beta of 1.61. The company's 50 day simple moving average is $47.73 and its 200 day simple moving average is $46.83.
Insider Activity at Samsara
In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.55, for a total value 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. This represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the completion of the transaction, the chief executive officer now directly owns 195,886 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 1,648,313 shares of company stock worth $81,070,989. Insiders own 60.04% of the company's stock.
About Samsara
(
Free Report)
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.
Further Reading
Before you consider Samsara, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Samsara wasn't on the list.
While Samsara currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
