Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Samsara Inc. (NYSE:IOT)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 860,092 shares of the company's stock after purchasing an additional 7,290 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.15% of Samsara worth $37,577,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Samsara in the fourth quarter valued at approximately $31,000. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter valued at $34,000. IFP Advisors Inc lifted its holdings in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after buying an additional 598 shares during the period. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after buying an additional 247 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Samsara by 62.1% during the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after buying an additional 635 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Performance

NYSE IOT traded down $0.59 on Monday, reaching $38.34. 3,866,192 shares of the company's stock traded hands, compared to its average volume of 3,584,539. The stock has a 50 day moving average price of $47.23 and a 200-day moving average price of $47.99. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of -81.57 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

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Insider Buying and Selling at Samsara

In other Samsara news, insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total value of $7,719,844.80. Following the completion of the transaction, the insider now owns 1,175,569 shares of the company's stock, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,607,296 shares of company stock worth $70,334,047. Insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IOT. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Monday, March 10th. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Piper Sandler upgraded shares of Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price objective on the stock in a research note on Monday, March 10th. Loop Capital lifted their price target on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased 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 nine have given a buy rating to the stock. According to MarketBeat, Samsara presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.60.

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.