10,452 Shares in Samsara Inc. (NYSE:IOT) Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,452 shares of the company's stock, valued at approximately $457,000.

Several other institutional investors also recently modified their holdings of the business. Continuum Advisory LLC lifted its stake in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the period. Private Trust Co. NA lifted its position in Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock valued at $75,000 after purchasing an additional 250 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Samsara by 3.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company's stock worth $433,000 after purchasing an additional 304 shares during the last quarter. Wellington Management Group LLP grew its position in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock worth $383,000 after purchasing an additional 388 shares during the period. Finally, UMB Bank n.a. raised its stake in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after buying an additional 418 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price target for the company. Truist Financial increased their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, November 18th. BNP Paribas initiated coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 target price for the company. Finally, Piper Sandler increased their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Samsara currently has an average rating of "Hold" and an average price target of $51.29.

Samsara Stock Up 2.0 %

IOT stock traded up $0.93 during trading on Monday, 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's fifty day moving average is $48.40 and its 200-day moving average is $45.02. The company has a market capitalization of $26.24 billion, a P/E 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.

Insider Activity at Samsara

In other news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $47.09, for a total value of $4,520,640.00. Following the sale, the chief executive officer now directly owns 483,886 shares of the company's stock, valued at approximately $22,786,191.74. The trade was a 16.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Bicket sold 42,942 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total value of $2,084,834.10. Following the transaction, the insider now directly owns 720,678 shares of the company's stock, valued at approximately $34,988,916.90. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,606,542 shares of company stock valued at $77,988,715. 60.04% of the stock is owned by company 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.