Kieckhefer Group LLC Purchases New Stake in Samsara Inc. (NYSE:IOT)

Kieckhefer Group LLC purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,500 shares of the company's stock, valued at approximately $1,333,000. Samsara comprises approximately 0.8% of Kieckhefer Group LLC's investment portfolio, making the stock its 17th largest position.

Other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC boosted its position in shares of 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 in the last quarter. Private Trust Co. NA lifted its holdings in shares of Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock valued at $75,000 after purchasing an additional 250 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Samsara by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company's stock valued at $433,000 after purchasing an additional 304 shares during the period. Wellington Management Group LLP raised its holdings in shares of Samsara by 5.1% during the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock worth $383,000 after acquiring an additional 388 shares during the period. Finally, UMB Bank n.a. lifted its holdings 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 purchasing an additional 418 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. BNP Paribas started coverage on shares of Samsara in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price objective on the stock. Loop Capital raised their target price on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Samsara has a consensus rating of "Hold" and an average target price of $51.29.

Insider Buying and Selling at Samsara

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the sale, the director now owns 396,079 shares in the company, valued at $17,970,104.23. The trade was a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjit Biswas sold 59,114 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 196,678 shares in the company, valued at approximately $8,899,679.50. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,281,473 shares of company stock valued at $64,015,165 in the last three months. 60.04% of the stock is currently owned by company insiders.

Samsara Trading Down 0.5 %

Shares of NYSE:IOT traded down $0.23 on Monday, hitting $43.55. The company had a trading volume of 1,868,594 shares, compared to its average volume of 2,458,917. The stock has a 50 day moving average price of $48.87 and a 200 day moving average price of $44.64. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of -92.66 and a beta of 1.59. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

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.