Samsara Inc. (NYSE:IOT - Get Free Report) saw unusually large options trading activity on Monday. Traders bought 19,815 put options on the stock. This is an increase of 138% compared to the average daily volume of 8,343 put options.
Samsara Trading Up 2.3 %
Shares of IOT stock traded up $1.08 during trading hours on Monday, reaching $47.16. 4,950,257 shares of the company's stock were exchanged, compared to its average volume of 3,589,366. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The stock's 50 day moving average is $50.46 and its 200-day moving average is $42.72. The company has a market cap of $26.24 billion, a price-to-earnings ratio of -98.04 and a beta of 1.53.
Insiders Place Their Bets
In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.44, for a total transaction of $91,858.32. The disclosure for this sale can be found here. Insiders sold 1,473,274 shares of company stock valued at $73,649,824 over the last three months. 60.04% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its stake in Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock valued at $90,026,000 after acquiring an additional 1,777,757 shares during the period. FMR LLC raised its stake in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company's stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Samsara during the 2nd quarter worth about $29,464,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company's stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Morgan Stanley upped their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their price objective on Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Royal Bank of Canada lifted their price objective on Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Wells Fargo & Company increased their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Evercore ISI boosted their price target on shares of Samsara from $40.00 to $42.00 and gave the company an "in-line" rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.29.
Check Out Our Latest Analysis on IOT
Samsara Company Profile
(
Get 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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