Samsara Inc. (NYSE:IOT) Shares Acquired by Fmr LLC

FMR LLC boosted its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,743,175 shares of the company's stock after buying an additional 2,852,575 shares during the quarter. FMR LLC owned approximately 2.63% of Samsara worth $644,129,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IOT. Captrust Financial Advisors grew its holdings in Samsara by 16.7% during the 3rd quarter. Captrust Financial Advisors now owns 10,240 shares of the company's stock worth $493,000 after acquiring an additional 1,463 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Samsara during the third quarter valued at approximately $312,000. HighTower Advisors LLC increased its holdings in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock valued at $2,981,000 after buying an additional 40,833 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Samsara in the third quarter worth approximately $430,000. Finally, State Street Corp lifted its holdings in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company's stock worth $102,283,000 after buying an additional 95,006 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 170,416 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total value of $7,719,844.80. Following the sale, the insider now directly owns 1,175,569 shares of the company's stock, valued at $53,253,275.70. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,639 shares of company stock worth $64,355,489 over the last quarter. Insiders own 60.04% of the company's stock.

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Samsara Price Performance

Samsara stock traded up $0.21 during trading hours on Monday, hitting $38.00. 338,675 shares of the stock traded hands, compared to its average volume of 3,760,932. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market capitalization of $21.63 billion, a price-to-earnings ratio of -80.85 and a beta of 1.71. The firm's 50 day moving average price is $44.21 and its 200-day moving average price is $47.07.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. 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. Raymond James began coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating for the company. Berenberg Bank began coverage on shares of Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective on the stock. Cowen reissued a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Finally, Piper Sandler lowered their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.20.

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.