Spire Wealth Management Acquires 4,935 Shares of Samsara Inc. (NYSE:IOT)

Spire Wealth Management raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 58.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,335 shares of the company's stock after acquiring an additional 4,935 shares during the period. Spire Wealth Management's holdings in Samsara were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IOT. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the 3rd quarter valued at $34,000. Continuum Advisory LLC raised its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the last quarter. UMB Bank n.a. raised its position 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 valued at $49,000 after acquiring an additional 418 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Samsara by 250.0% during 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 increased its position in shares of Samsara by 19.2% in the 3rd 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 in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Trading Up 1.1 %

Shares of Samsara stock traded up $0.58 during trading hours on Friday, reaching $54.60. 3,283,462 shares of the company's stock were exchanged, compared to its average volume of 2,405,116. The company has a 50 day moving average of $47.69 and a two-hundred day moving average of $46.44. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The stock has a market cap of $30.64 billion, a P/E ratio of -116.17 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Morgan Stanley upped their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $51.67.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 195,886 shares in the company, valued at $9,866,777.82. This trade represents a 32.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 9,307 shares of the firm'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 sale, the insider now owns 396,784 shares of the company's stock, valued at $19,660,647.20. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,549,936 shares of company stock worth $75,624,852. Insiders own 60.04% of the company's stock.

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.