Samsara Inc. (NYSE:IOT) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in Samsara Inc. (NYSE:IOT - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,536 shares of the company's stock after selling 133,190 shares during the quarter. Sei Investments Co.'s holdings in Samsara were worth $9,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IOT. Intech Investment Management LLC purchased a new position in shares of Samsara during the 3rd quarter worth about $644,000. Daiwa Securities Group Inc. boosted its position in shares of Samsara by 12.9% during the third quarter. Daiwa Securities Group Inc. now owns 15,800 shares of the company's stock valued at $760,000 after buying an additional 1,800 shares during the period. Private Trust Co. NA grew its stake in shares of Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock valued at $75,000 after buying an additional 250 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Samsara by 14.1% in the third quarter. The Manufacturers Life Insurance Company now owns 47,723 shares of the company's stock worth $2,296,000 after buying an additional 5,897 shares during the period. Finally, Bridgewater Associates LP bought a new stake in shares of Samsara during the 3rd quarter worth approximately $2,308,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

IOT traded up $0.40 during trading on Tuesday, reaching $38.73. 3,797,709 shares of the company's stock were exchanged, compared to its average volume of 3,585,384. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The company's fifty day simple moving average is $47.23 and its 200-day simple moving average is $47.99. The stock has a market capitalization of $21.73 billion, a P/E ratio of -82.40 and a beta of 1.63.

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Wall Street Analyst Weigh In

Several equities analysts have commented on IOT shares. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research report on Monday, March 10th. Raymond James initiated coverage on shares of Samsara in a report on Wednesday, February 26th. They issued a "market perform" rating on the stock. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 price objective for the company. Loop Capital upped their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Truist Financial decreased their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and a consensus price target of $49.60.

Insider Buying and Selling

In related news, insider Dominic Phillips sold 20,801 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the sale, the insider now directly owns 755,001 shares of the company's stock, valued at $38,482,400.97. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now directly owns 320,936 shares of the company's stock, valued at $10,934,289.52. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,607,296 shares of company stock valued at $70,334,047 over the last 90 days. Insiders own 60.04% of the company's stock.

Samsara 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.