Napean Trading & Investment Co Singapore PTE Ltd Sells 16,122 Shares of Samsara Inc. (NYSE:IOT)

Napean Trading & Investment Co Singapore PTE Ltd lowered its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,561 shares of the company's stock after selling 16,122 shares during the period. Samsara makes up 1.3% of Napean Trading & Investment Co Singapore PTE Ltd's portfolio, making the stock its 25th biggest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Samsara were worth $5,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IOT. Vanguard Group Inc. grew its holdings in Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after purchasing an additional 863,197 shares during the period. FMR LLC increased its position in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company's stock valued at $572,176,000 after buying an additional 1,604,822 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Samsara by 4.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company's stock worth $168,741,000 after acquiring an additional 138,702 shares in the last quarter. Amundi grew its stake in Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after acquiring an additional 547,390 shares during the period. Finally, Jordan Park Trust Co LLC bought a new stake in shares of Samsara in the fourth quarter worth about $112,041,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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Samsara Stock Down 4.4 %

Shares of NYSE IOT traded down $1.81 during trading hours on Friday, hitting $38.87. The company had a trading volume of 4,263,743 shares, compared to its average volume of 3,583,411. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The firm's 50 day moving average is $47.39 and its 200-day moving average is $48.03. The stock has a market capitalization of $21.81 billion, a P/E ratio of -82.71 and a beta of 1.63.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of research reports. Raymond James began coverage on Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating for the company. Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Loop Capital increased their target price on Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Craig Hallum reissued a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Piper Sandler raised Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price objective for the company in a research report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Samsara currently has an average rating of "Moderate Buy" and an average price target of $49.60.

Insiders Place Their Bets

In related news, insider John Bicket sold 107,152 shares of Samsara stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total transaction 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 trade represents a 43.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 85,063 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $43.84, for a total value of $3,729,161.92. Following the completion of the sale, the insider now owns 150,676 shares in the company, valued at $6,605,635.84. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,607,296 shares of company stock valued at $70,334,047. 60.04% of the stock is currently owned by corporate 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.