Harbor Capital Advisors Inc. Sells 12,463 Shares of Samsara Inc. (NYSE:IOT)

Harbor Capital Advisors Inc. lessened its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,312 shares of the company's stock after selling 12,463 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Samsara were worth $6,043,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Hobbs Group Advisors LLC bought a new position in shares of Samsara in the third quarter valued at approximately $34,000. Continuum Advisory LLC boosted its stake in Samsara by 39.1% in the third 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. Resources Management Corp CT ADV grew its holdings in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after purchasing an additional 490 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after buying an additional 418 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in Samsara during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IOT. BNP Paribas began coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 target price for the company. Wells Fargo & Company upped their price objective on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price target on the stock. Finally, Piper Sandler lifted their price objective on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.29.

Samsara Price Performance

Shares of NYSE IOT traded down $0.26 during midday trading on Friday, reaching $43.92. 3,054,599 shares of the stock were exchanged, compared to its average volume of 2,557,246. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of -93.45 and a beta of 1.59. The business has a 50-day simple moving average of $48.87 and a two-hundred day simple moving average of $44.54.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 59,114 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the completion of the transaction, the insider now owns 196,678 shares in the company, valued at approximately $8,899,679.50. This represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 9,307 shares of the business's 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 completion of the sale, the insider now owns 396,784 shares in the company, valued at approximately $19,660,647.20. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,281,473 shares of company stock valued at $64,015,165. 60.04% of the stock is owned by company insiders.

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.