WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Has $18.61 Million Position in Samsara Inc. (NYSE:IOT)

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST cut its stake in Samsara Inc. (NYSE:IOT - Free Report) by 50.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,877 shares of the company's stock after selling 432,553 shares during the period. Samsara accounts for 0.2% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST's portfolio, making the stock its 21st largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned approximately 0.08% of Samsara worth $18,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its stake in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after acquiring an additional 1,777,757 shares during the last quarter. FMR LLC grew its position in shares of Samsara by 15.6% during the third quarter. FMR LLC now owns 11,890,600 shares of the company's stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Samsara by 84.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company's stock worth $77,421,000 after acquiring an additional 734,619 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company's stock worth $88,013,000 after acquiring an additional 650,982 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IOT has been the subject of several recent research reports. Royal Bank of Canada upped their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Loop Capital upped their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. TD Cowen upped their price objective on shares of Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $51.29.

Samsara Price Performance

IOT traded down $0.23 during midday trading on Monday, hitting $43.55. 1,868,610 shares of the company's stock traded hands, compared to its average volume of 2,458,930. The company has a market cap of $24.44 billion, a PE ratio of -92.66 and a beta of 1.59. The stock's fifty day simple moving average is $48.80 and its 200-day simple moving average is $44.71. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Insider Activity at Samsara

In other news, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the sale, the director now owns 396,079 shares in the company, valued at approximately $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 58,739 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79. Following the completion of the sale, the chief executive officer now owns 617,147 shares in the company, valued at approximately $31,233,809.67. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,447,699 shares of company stock valued at $71,265,989. 60.04% of the stock is currently owned by corporate insiders.

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.