Left Brain Wealth Management LLC acquired a new position in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the company's stock, valued at approximately $306,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IOT. LBP AM SA purchased a new stake in Samsara during the 4th quarter valued at about $16,836,000. Vestcor Inc grew its position in Samsara by 37.0% during the 4th quarter. Vestcor Inc now owns 4,413 shares of the company's stock valued at $193,000 after purchasing an additional 1,193 shares during the last quarter. Prosperity Financial Group Inc. lifted its stake in Samsara by 17.5% during the 4th quarter. Prosperity Financial Group Inc. now owns 17,477 shares of the company's stock valued at $764,000 after acquiring an additional 2,599 shares during the period. AGF Management Ltd. lifted its stake in Samsara by 20.5% during the 4th quarter. AGF Management Ltd. now owns 361,427 shares of the company's stock valued at $15,791,000 after acquiring an additional 61,451 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Samsara by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,900 shares of the company's stock valued at $738,000 after acquiring an additional 1,100 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.
Samsara Stock Performance
NYSE IOT traded down $0.86 during trading hours on Tuesday, reaching $38.10. The stock had a trading volume of 4,123,977 shares, compared to its average volume of 3,551,215. The stock has a fifty day moving average of $48.14 and a 200 day moving average of $48.18. The stock has a market cap of $21.38 billion, a P/E ratio of -81.06 and a beta of 1.63. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on IOT shares. Wells Fargo & Company lowered their price objective on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Morgan Stanley increased their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research note on Monday, March 10th. Finally, Piper Sandler upgraded Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 target price on the stock in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.60.
View Our Latest Analysis on Samsara
Insider Activity at Samsara
In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the completion of the transaction, the insider now directly owns 1,571,848 shares of the company's stock, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the transaction, the insider now directly owns 331,106 shares of the company's stock, 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. Insiders have sold a total of 1,520,643 shares of company stock worth $67,197,394 over the last quarter. Insiders own 60.04% of the company's stock.
Samsara Company Profile
(
Free Report)
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.
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