Victory Capital Management Inc. Has $3.34 Million Holdings in Samsara Inc. (NYSE:IOT)

Victory Capital Management Inc. grew its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,442 shares of the company's stock after buying an additional 8,591 shares during the quarter. Victory Capital Management Inc.'s holdings in Samsara were worth $3,340,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Samsara by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 376,283 shares of the company's stock worth $18,107,000 after acquiring an additional 16,528 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Samsara in the third quarter valued at approximately $1,180,000. KBC Group NV raised its position in Samsara by 103.9% in the 3rd quarter. KBC Group NV now owns 24,243 shares of the company's stock worth $1,167,000 after purchasing an additional 12,356 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Samsara during the 3rd quarter worth $2,463,000. Finally, CIBC Asset Management Inc bought a new position in Samsara in the 3rd quarter valued at $264,000. 96.02% of the stock is owned by institutional investors.

Samsara Trading Down 0.7 %

Shares of NYSE IOT traded down $0.29 during mid-day trading on Thursday, reaching $39.53. 1,929,320 shares of the company's stock were exchanged, compared to its average volume of 3,557,200. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of -84.40 and a beta of 1.63. The business has a fifty day simple moving average of $47.96 and a 200 day simple moving average of $48.10.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IOT shares. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Piper Sandler upgraded shares of Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price target for the company in a research report on Monday, March 10th. Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Truist Financial reduced their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently 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 54,134 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $38.60, for a total value of $2,089,572.40. Following the completion of the transaction, the insider now directly owns 638,642 shares of the company's stock, valued at approximately $24,651,581.20. This represents a 7.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the transaction, the director now owns 373,579 shares of the company's stock, valued at approximately $14,464,978.88. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,597,277 shares of company stock valued at $70,158,166. 60.04% of the stock is owned by corporate insiders.

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.