Samsara Inc. (NYSE:IOT) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Samsara Inc. (NYSE:IOT - Free Report) by 37.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,753 shares of the company's stock after buying an additional 5,410 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Samsara were worth $863,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Samsara in the 3rd quarter worth approximately $526,000. UMB Bank n.a. lifted its stake in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company's stock worth $67,000 after purchasing an additional 1,000 shares in the last quarter. Swedbank AB lifted its stake in Samsara by 288.9% in the 3rd quarter. Swedbank AB now owns 12,080 shares of the company's stock worth $581,000 after purchasing an additional 8,974 shares in the last quarter. Finally, Capstone Wealth Management Group LLC lifted its stake in Samsara by 2.3% in the 3rd quarter. Capstone Wealth Management Group LLC now owns 26,660 shares of the company's stock worth $1,283,000 after purchasing an additional 610 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

NYSE:IOT traded up $2.61 during mid-day trading on Friday, reaching $58.98. The stock had a trading volume of 3,560,948 shares, compared to its average volume of 2,405,116. The firm has a market capitalization of $33.10 billion, a price-to-earnings ratio of -125.48 and a beta of 1.61. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $59.04. The business has a 50 day simple moving average of $47.89 and a 200 day simple moving average of $47.05.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 75,594 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,224,948.66. Following the completion of the transaction, the chief executive officer now directly owns 120,292 shares of the company's stock, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $55.05, for a total transaction of $688,125.00. Following the transaction, the insider now directly owns 396,784 shares of the company's stock, valued at approximately $21,842,959.20. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,639,006 shares of company stock worth $80,609,827 over the last 90 days. Company insiders own 60.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IOT. Royal Bank of Canada lifted their price target 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. Wells Fargo & Company lifted their price target 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. Berenberg Bank began coverage on shares of Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target on the stock. Loop Capital lifted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Piper Sandler lifted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Samsara presently has an average rating of "Hold" and an average target price of $51.67.

About Samsara

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.