Virtu Financial LLC Acquires Shares of 35,094 Samsara Inc. (NYSE:IOT)

Virtu Financial LLC purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,094 shares of the company's stock, valued at approximately $1,689,000.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC increased its position in Samsara by 6.8% during the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company's stock valued at $295,000 after acquiring an additional 497 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Samsara by 165.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,848 shares of the company's stock worth $534,000 after purchasing an additional 9,875 shares during the last quarter. Swedbank AB purchased a new position in shares of Samsara during the second quarter valued at approximately $105,000. Assenagon Asset Management S.A. bought a new position in shares of Samsara during the second quarter valued at approximately $293,000. Finally, Carnegie Investment Counsel bought a new stake in shares of Samsara during the 2nd quarter worth approximately $2,125,000. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at Samsara

In other Samsara news, CAO James Andrew Munk sold 13,547 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.88, for a total transaction of $621,536.36. Following the transaction, the chief accounting officer now directly owns 306,120 shares in the company, valued at approximately $14,044,785.60. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Chadwick sold 12,206 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.54, for a total value of $568,067.24. Following the completion of the sale, the director now owns 418,579 shares in the company, valued at approximately $19,480,666.66. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,565,669 shares of company stock valued at $77,896,962. 60.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on IOT shares. Royal Bank of Canada raised their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Evercore ISI raised their price objective on Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their target price on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Samsara has a consensus rating of "Hold" and a consensus target price of $51.29.

Samsara Price Performance

Shares of IOT traded down $0.35 during midday trading on Friday, reaching $46.08. 3,923,166 shares of the stock were exchanged, compared to its average volume of 3,583,719. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of -98.04 and a beta of 1.53. The business's 50-day moving average price is $50.46 and its 200 day moving average price is $42.65.

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.