Vinva Investment Management Ltd purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 95,241 shares of the company's stock, valued at approximately $4,182,000.
Several other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in Samsara during the 4th quarter valued at about $31,000. Hobbs Group Advisors LLC bought a new position in Samsara during the third quarter valued at approximately $34,000. IFP Advisors Inc boosted its holdings in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Samsara by 19.2% during 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 during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on IOT shares. Piper Sandler upgraded Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price target on the stock in a research note on Monday, March 10th. Berenberg Bank initiated coverage on Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price on the stock. Truist Financial lowered 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. Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Finally, Royal Bank of Canada decreased their price target on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.60.
Check Out Our Latest Analysis on Samsara
Samsara Stock Performance
NYSE:IOT traded up $1.94 during trading hours on Monday, reaching $42.10. The company's stock had a trading volume of 3,132,284 shares, compared to its average volume of 3,544,671. The company has a market capitalization of $23.62 billion, a P/E ratio of -89.57 and a beta of 1.63. The stock has a 50 day moving average price of $47.80 and a two-hundred day moving average price of $48.16. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.
Insider Activity at Samsara
In other news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares in the company, valued at approximately $14,464,978.88. This represents a 5.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares in the company, valued at approximately $87,630,526. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,573,317 shares of company stock valued at $69,108,479 over the last 90 days. Insiders own 60.04% of the company's stock.
Samsara Company Profile
(
Free Report)
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.
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