Nebula Research & Development LLC Sells 23,940 Shares of Samsara Inc. (NYSE:IOT)

Nebula Research & Development LLC reduced its stake in Samsara Inc. (NYSE:IOT - Free Report) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,736 shares of the company's stock after selling 23,940 shares during the quarter. Nebula Research & Development LLC's holdings in Samsara were worth $993,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IOT. GLOBALT Investments LLC GA boosted its position in shares of Samsara by 0.3% during the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after buying an additional 182 shares during the period. CIBC Asset Management Inc boosted its position in Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after acquiring an additional 300 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares in the last quarter. abrdn plc raised its holdings in shares of Samsara by 11.6% in the fourth quarter. abrdn plc now owns 4,792 shares of the company's stock valued at $210,000 after purchasing an additional 498 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Samsara by 7.3% in the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock worth $373,000 after purchasing an additional 579 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 85,291 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $55.30, for a total value of $4,716,592.30. Following the transaction, the insider now directly owns 132,000 shares in the company, valued at approximately $7,299,600. This represents a 39.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares of the company's stock, valued at $10,934,289.52. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,350,384 shares of company stock worth $55,413,757 over the last quarter. Company insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Monday, March 10th. Royal Bank of Canada lowered their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Berenberg Bank began coverage on Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target for the company. Morgan Stanley dropped their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.87.

Samsara Stock Performance

Shares of IOT stock opened at $39.43 on Friday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. The company has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $46.41.

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.

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