5,714 Shares in Samsara Inc. (NYSE:IOT) Acquired by KRS Capital Management LLC

KRS Capital Management LLC bought a new position in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,714 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds have also recently modified their holdings of the business. Rhumbline Advisers lifted its position in Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company's stock valued at $1,185,000 after purchasing an additional 4,930 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Samsara by 116.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 20,316 shares of the company's stock valued at $700,000 after buying an additional 10,915 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Samsara by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company's stock worth $10,164,000 after buying an additional 14,215 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Samsara by 20.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 18,591 shares of the company's stock worth $627,000 after acquiring an additional 3,130 shares during the period. Finally, Hsbc Holdings PLC increased its position in Samsara by 46.4% during the second quarter. Hsbc Holdings PLC now owns 56,231 shares of the company's stock valued at $1,890,000 after acquiring an additional 17,819 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Up 2.0 %

NYSE IOT traded up $0.93 during trading hours on Friday, reaching $46.75. The company's stock had a trading volume of 2,292,458 shares, compared to its average volume of 2,715,515. The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of -99.48 and a beta of 1.59. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The firm's 50-day moving average price is $48.40 and its 200-day moving average price is $44.95.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IOT shares. Loop Capital upped their price target 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. TD Cowen upped their target price on shares of Samsara from $46.00 to $56.00 and gave the company a "buy" rating in a report on Friday, October 11th. BMO Capital Markets lifted their price target on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Piper Sandler upped their price objective on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Samsara has a consensus rating of "Hold" and an average target price of $51.29.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.55, for a total value of $461,161.85. Following the transaction, the insider now owns 396,784 shares of the company's stock, valued at $19,660,647.20. This represents a 2.29 % decrease in their ownership of the stock. 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 170,416 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares in the company, valued at $53,253,275.70. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,606,542 shares of company stock worth $77,988,715. 60.04% of the stock is currently owned by 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.