Wilmington Savings Fund Society FSB Makes New $546,000 Investment in Samsara Inc. (NYSE:IOT)

Wilmington Savings Fund Society FSB purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,349 shares of the company's stock, valued at approximately $546,000.

A number of other large investors also recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in shares of 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 acquiring an additional 6,411,178 shares during the last quarter. FMR LLC grew its holdings in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company's stock valued at $572,176,000 after buying an additional 1,604,822 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Samsara in the 2nd quarter worth $29,464,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Samsara by 55.3% during the 3rd 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 period. Finally, 1832 Asset Management L.P. boosted its position in shares of Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company's stock valued at $273,930,000 after acquiring an additional 500,400 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IOT shares. BMO Capital Markets increased their price target on shares of Samsara from $44.00 to $57.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They set a "hold" rating and a $48.00 target price for the company. Piper Sandler lifted their target price on Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. TD Cowen increased their price target on Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, StockNews.com upgraded shares of Samsara from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $51.29.

Samsara Price Performance

Shares of IOT stock traded up $1.08 during trading on Monday, reaching $47.16. The company's stock had a trading volume of 4,950,587 shares, compared to its average volume of 3,589,366. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The stock's 50-day moving average price is $50.46 and its 200 day moving average price is $42.72. The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of -98.04 and a beta of 1.53.

Insiders Place Their Bets

In other news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.69, for a total transaction of $4,482,240.00. Following the completion of the sale, the chief executive officer now directly owns 867,886 shares of the company's stock, valued at approximately $40,521,597.34. The trade was a 9.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The disclosure for this sale can be found here. Insiders sold a total of 1,473,274 shares of company stock worth $73,649,824 over the last 90 days. Corporate insiders own 60.04% of the company's stock.

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.