Runnymede Capital Advisors Inc. Buys New Position in Samsara Inc. (NYSE:IOT)

Runnymede Capital Advisors Inc. purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,100 shares of the company's stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Samsara during the fourth quarter worth $431,000. State Street Corp raised its holdings in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company's stock valued at $102,283,000 after acquiring an additional 95,006 shares in the last quarter. HighTower Advisors LLC raised its position in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock valued at $2,981,000 after purchasing an additional 40,833 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Samsara by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after buying an additional 47,911 shares in the last quarter. Finally, Amundi boosted its stake in shares of Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after purchasing an additional 547,390 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Trading Down 2.0 %

NYSE IOT traded down $0.87 on Wednesday, reaching $41.74. 3,553,780 shares of the stock were exchanged, compared to its average volume of 3,532,385. The firm has a market capitalization of $23.42 billion, a PE ratio of -88.80 and a beta of 1.63. The company's 50-day simple moving average is $47.66 and its two-hundred day simple moving average is $48.13. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

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Insiders Place Their Bets

In other news, Director Jonathan Chadwick sold 22,500 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 396,079 shares in the company, valued at approximately $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 11,343 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $39.76, for a total transaction of $450,997.68. Following the completion of the sale, the insider now directly owns 271,922 shares of the company's stock, valued at approximately $10,811,618.72. This trade represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,584,660 shares of company stock worth $69,559,476 in the last three months. 60.04% of the stock is owned by company insiders.

Analyst Ratings Changes

IOT has been the subject of several analyst reports. Truist Financial lowered their target price on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, March 7th. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Monday, March 10th. Cowen reissued a "buy" rating on shares of Samsara in a report on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating on the stock. Finally, Royal Bank of Canada cut their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.60.

About Samsara

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.