Calamos Advisors LLC Sells 24,675 Shares of Samsara Inc. (NYSE:IOT)

Calamos Advisors LLC lowered its position in Samsara Inc. (NYSE:IOT - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,921 shares of the company's stock after selling 24,675 shares during the period. Calamos Advisors LLC's holdings in Samsara were worth $1,132,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

IOT has been the subject of several recent research reports. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 target price for the company. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Loop Capital upped their target price on Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Craig Hallum started coverage on Samsara in a research note on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price objective on the stock. Finally, Royal Bank of Canada raised their target price on shares of Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.67.

Samsara Price Performance

NYSE IOT traded up $0.58 on Friday, reaching $54.60. The stock had a trading volume of 3,283,462 shares, compared to its average volume of 2,405,116. The company has a market cap of $30.64 billion, a P/E ratio of -116.17 and a beta of 1.61. The firm has a fifty day moving average of $47.69 and a two-hundred day moving average of $46.44. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

Insider Activity

In other news, CEO Sanjit Biswas sold 75,594 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,224,948.66. Following the sale, the chief executive officer now directly owns 120,292 shares in the company, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 9,307 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the transaction, the insider now owns 396,784 shares of the company's stock, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,549,936 shares of company stock valued at $75,624,852. 60.04% of the stock is owned by company insiders.

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.