J. Safra Sarasin Holding AG Invests $2.35 Million in Samsara Inc. (NYSE:IOT)

J. Safra Sarasin Holding AG purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,740 shares of the company's stock, valued at approximately $2,348,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the period. Jones Financial Companies Lllp purchased a new position in Samsara during the 4th quarter worth $31,000. IFP Advisors Inc raised its position in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after purchasing an additional 598 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Samsara in the 4th quarter worth $45,000. Finally, UMB Bank n.a. grew its position in shares of Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock worth $72,000 after buying an additional 635 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Price Performance

NYSE:IOT traded up $0.21 during mid-day trading on Friday, hitting $39.43. The company's stock had a trading volume of 2,163,173 shares, compared to its average volume of 3,773,118. The business's fifty day moving average is $40.47 and its two-hundred day moving average is $46.42. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90.

Wall Street Analysts Forecast Growth

IOT has been the subject of several recent research reports. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Morgan Stanley lowered their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a report on Monday, March 10th. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.87.

Insider Transactions at Samsara

In other Samsara news, insider John Bicket sold 107,152 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total value of $5,478,681.76. Following the completion of the transaction, the insider now owns 138,000 shares in the company, valued at approximately $7,055,940. This represents a 43.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00. Following the sale, the insider now owns 102,000 shares in the company, valued at $3,566,940. This trade represents a 61.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,350,384 shares of company stock worth $55,413,757 over the last quarter. 60.04% of the stock is currently owned by insiders.

About Samsara

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.