Price T Rowe Associates Inc. MD Sells 318,602 Shares of Samsara Inc. (NYSE:IOT)

Price T Rowe Associates Inc. MD lessened its position in Samsara Inc. (NYSE:IOT - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,136,065 shares of the company's stock after selling 318,602 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.88% of Samsara worth $704,985,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IOT. NewEdge Advisors LLC increased its stake in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after buying an additional 414 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Samsara in the 4th quarter valued at about $31,000. IFP Advisors Inc lifted its position 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 purchasing an additional 598 shares during the period. National Bank of Canada FI bought a new position in shares of Samsara during the fourth quarter valued at approximately $45,000. Finally, UMB Bank n.a. increased its holdings in 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. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of Samsara stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares in the company, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,243,232 shares of company stock valued at $49,935,075 over the last 90 days. Corporate insiders own 60.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Craig Hallum reissued a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank assumed coverage on Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective for the company. Cowen reaffirmed a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Piper Sandler decreased their price target on Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Samsara currently has an average rating of "Moderate Buy" and an average target price of $48.87.

Samsara Trading Down 1.1 %

Shares of NYSE IOT traded down $0.43 on Tuesday, reaching $39.37. 1,207,811 shares of the company traded hands, compared to its average volume of 3,760,998. The stock has a market capitalization of $22.41 billion, a PE ratio of -83.69 and a beta of 1.71. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The company has a 50 day moving average of $40.09 and a 200 day moving average of $46.31.

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.