Samsara Inc. (NYSE:IOT) Shares Purchased by Paragon Capital Management Ltd

Paragon Capital Management Ltd raised its stake in Samsara Inc. (NYSE:IOT - Free Report) by 80.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,126 shares of the company's stock after purchasing an additional 15,703 shares during the period. Samsara accounts for about 0.3% of Paragon Capital Management Ltd's holdings, making the stock its 29th biggest position. Paragon Capital Management Ltd's holdings in Samsara were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company's stock worth $1,185,000 after purchasing an additional 4,930 shares in the last quarter. Victory Capital Management Inc. grew its stake in Samsara by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 60,238 shares of the company's stock worth $2,030,000 after buying an additional 4,511 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Samsara by 116.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 20,316 shares of the company's stock worth $700,000 after buying an additional 10,915 shares during the period. Dimensional Fund Advisors LP lifted its stake in Samsara by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company's stock valued at $10,164,000 after buying an additional 14,215 shares during the last quarter. Finally, Andar Capital Management HK Ltd acquired a new stake in shares of Samsara in the second quarter valued at approximately $2,022,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Insiders Place Their Bets

In other Samsara news, insider Sanjit Biswas sold 56,474 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the sale, the insider now directly owns 116,257 shares in the company, valued at approximately $5,037,415.81. The trade was a 32.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares of the company's stock, valued at approximately $17,970,104.23. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,436,126 shares of company stock worth $70,268,870. 60.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on IOT shares. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets increased their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price target on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Loop Capital increased their price objective on Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Samsara currently has a consensus rating of "Hold" and an average price target of $51.29.

Samsara Trading Up 0.8 %

Shares of NYSE:IOT traded up $0.36 on Thursday, reaching $46.03. 2,615,487 shares of the company were exchanged, compared to its average volume of 2,552,929. The company has a 50-day moving average of $48.63 and a 200-day moving average of $44.79. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of -97.94 and a beta of 1.59. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

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.