Samsara Inc. (NYSE:IOT) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in Samsara Inc. (NYSE:IOT - Free Report) by 87.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,122 shares of the company's stock after selling 40,892 shares during the quarter. Tidal Investments LLC's holdings in Samsara were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IOT. Wilmington Savings Fund Society FSB acquired a new stake in Samsara during the 3rd quarter worth about $546,000. Virtu Financial LLC acquired a new stake in shares of Samsara during the third quarter worth about $1,689,000. Hobbs Group Advisors LLC purchased a new stake in Samsara in the third quarter valued at approximately $34,000. Teachers Retirement System of The State of Kentucky increased its holdings in Samsara by 2.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 149,789 shares of the company's stock worth $7,208,000 after buying an additional 3,000 shares during the period. Finally, Toronto Dominion Bank raised its position in Samsara by 33.7% during the 3rd quarter. Toronto Dominion Bank now owns 26,536 shares of the company's stock worth $1,277,000 after buying an additional 6,692 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the topic of a number of research reports. BNP Paribas assumed coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 price objective on the stock. Royal Bank of Canada increased their price target on Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $51.29.

Samsara Price Performance

NYSE IOT traded down $0.08 on Wednesday, hitting $45.55. The company had a trading volume of 1,368,344 shares, compared to its average volume of 3,601,028. The company's fifty day moving average price is $49.88 and its 200-day moving average price is $43.28. The company has a market capitalization of $25.56 billion, a PE ratio of -96.91 and a beta of 1.53. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the transaction, the insider now directly owns 331,106 shares of the company's stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dominic Phillips sold 64,629 shares of Samsara stock in a transaction on Monday, December 16th. The stock was sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the sale, the insider now directly owns 755,001 shares in the company, valued at approximately $34,692,295.95. This trade represents a 7.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,380,718 shares of company stock valued at $68,978,494 over the last 90 days. Corporate 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.