Resona Asset Management Co. Ltd. bought a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 60,562 shares of the company's stock, valued at approximately $2,651,000.
Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Samsara during the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC bought a new position in shares of Samsara during the 3rd quarter worth $34,000. IFP Advisors Inc raised its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after acquiring an additional 598 shares during the period. Continuum Advisory LLC boosted its position in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of Samsara during the 4th quarter valued at approximately $45,000. Institutional investors own 96.02% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Berenberg Bank initiated coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target for the company. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Monday, March 10th. Truist Financial lowered their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Piper Sandler reduced their price target on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.
Get Our Latest Stock Analysis on Samsara
Insider Buying and Selling at Samsara
In related news, Director Jonathan Chadwick sold 22,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the sale, the director now owns 373,579 shares in the company, valued at $14,464,978.88. This represents a 5.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,506,639 shares of company stock valued at $64,355,489. 60.04% of the stock is currently owned by corporate insiders.
Samsara Price Performance
Samsara stock traded up $1.23 during mid-day trading on Tuesday, reaching $38.48. 898,289 shares of the company traded hands, compared to its average volume of 3,756,996. The firm's 50 day moving average price is $43.88 and its 200 day moving average price is $47.00. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of -81.88 and a beta of 1.71. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.
About Samsara
(
Free Report)
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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