KBC Group NV Boosts Stock Position in Samsara Inc. (NYSE:IOT)

KBC Group NV boosted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,221 shares of the company's stock after buying an additional 7,978 shares during the quarter. KBC Group NV's holdings in Samsara were worth $1,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC grew its stake 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 buying an additional 247 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after buying an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock valued at $67,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Private Trust Co. NA grew its position 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 acquiring an additional 250 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Activity

In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of the company's stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the transaction, the chief executive officer now owns 195,886 shares of the company's stock, valued at $9,866,777.82. This represents a 32.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,549,936 shares of company stock worth $75,624,852. Company insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent research reports. StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Loop Capital lifted their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Craig Hallum started coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a "hold" rating and a $48.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, BNP Paribas started coverage on Samsara in a report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price objective for the company. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Samsara has an average rating of "Hold" and a consensus target price of $51.67.

Samsara Trading Up 2.7 %

NYSE IOT traded up $1.40 on Wednesday, hitting $53.99. 2,475,081 shares of the company were exchanged, compared to its average volume of 2,532,221. The company has a market cap of $30.30 billion, a PE ratio of -114.88 and a beta of 1.61. The stock has a fifty day moving average of $47.66 and a 200-day moving average of $46.15. Samsara Inc. has a 12 month low of $27.14 and a 12 month 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.