Vanguard Group Inc. lifted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,978,589 shares of the company's stock after purchasing an additional 863,197 shares during the period. Vanguard Group Inc. owned 3.74% of Samsara worth $916,555,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC increased its stake in shares of Samsara by 26.6% in the 4th quarter. LPL Financial LLC now owns 127,184 shares of the company's stock valued at $5,557,000 after buying an additional 26,684 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Samsara in the fourth quarter worth about $2,696,000. Runnymede Capital Advisors Inc. bought a new stake in Samsara during the 4th quarter worth about $441,000. HUB Investment Partners LLC acquired a new position in Samsara during the 4th quarter valued at about $205,000. Finally, Elevate Wealth Advisory Inc. boosted its stake in shares of Samsara by 14.7% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 18,651 shares of the company's stock valued at $815,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors own 96.02% of the company's stock.
Insider Activity at Samsara
In other news, insider Sanjit Biswas sold 59,114 shares of Samsara stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $45.25, for a total value of $2,674,908.50. Following the sale, the insider now directly owns 196,678 shares in the company, valued at $8,899,679.50. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Eltoukhy sold 11,343 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $39.76, for a total transaction of $450,997.68. Following the transaction, the insider now owns 271,922 shares of the company's stock, valued at $10,811,618.72. The trade was a 4.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,607,296 shares of company stock valued at $70,334,047. 60.04% of the stock is owned by insiders.
Samsara Price Performance
Shares of IOT traded down $0.12 during midday trading on Tuesday, hitting $38.21. The stock had a trading volume of 2,477,676 shares, compared to its average volume of 3,902,761. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of -81.28 and a beta of 1.63. The company has a 50 day simple moving average of $47.23 and a two-hundred day simple moving average of $47.99. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.
Analyst Ratings Changes
IOT has been the topic of several analyst reports. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective on the stock. Loop Capital increased their price target on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Truist Financial decreased their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company decreased their target price on Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Samsara has an average rating of "Moderate Buy" and a consensus price target of $49.60.
Read Our Latest Research Report on IOT
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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