Samsara Inc. (NYSE:IOT) Stock Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Samsara Inc. (NYSE:IOT - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,000 shares of the company's stock after purchasing an additional 6,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Samsara were worth $2,316,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in Samsara during the third quarter valued at approximately $34,000. Continuum Advisory LLC lifted its stake in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. boosted its holdings in Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock worth $72,000 after purchasing an additional 635 shares during the period. Private Trust Co. NA boosted its holdings in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after purchasing an additional 250 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Samsara by 77.5% during the third 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 period. Institutional investors own 96.02% of the company's stock.

Insider Activity

In other news, insider John Bicket sold 96,000 shares of Samsara stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $55.75, for a total value of $5,352,000.00. Following the transaction, the insider now owns 931,400 shares of the company's stock, valued at $51,925,550. The trade was a 9.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 23,960 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was 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 in the company, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,388,355 shares of company stock worth $67,123,186. 60.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IOT. Piper Sandler lifted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Truist Financial lifted their target price on Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their price target on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Royal Bank of Canada boosted their price objective on Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Samsara has a consensus rating of "Hold" and a consensus target price of $51.67.

Samsara Trading Down 1.3 %

NYSE:IOT traded down $0.67 during midday trading on Tuesday, hitting $49.96. 4,131,265 shares of the stock were exchanged, compared to its average volume of 2,962,382. The business has a 50-day moving average price of $48.99 and a two-hundred day moving average price of $48.01. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of -106.30 and a beta of 1.61. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

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.