Perpetual Ltd Invests $314,000 in Samsara Inc. (NYSE:IOT)

Perpetual Ltd bought a new position in Samsara Inc. (NYSE:IOT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,196 shares of the company’s stock, valued at approximately $314,000.

Several other large investors have also made changes to their positions in the company. Continuum Advisory LLC grew its holdings in shares of Samsara by 39.1% in the 3rd 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. Private Trust Co. NA grew its holdings in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Samsara by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after purchasing an additional 304 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after acquiring an additional 418 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

Shares of NYSE:IOT opened at $47.94 on Friday. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of -102.00 and a beta of 1.59. The firm’s 50 day simple moving average is $48.08 and its 200 day simple moving average is $45.19. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.

Insider Activity at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of Samsara stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.55, for a total value of $461,161.85. Following the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $19,660,647.20. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the completion of the transaction, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,656,381 shares of company stock worth $80,285,162 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BNP Paribas assumed coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Samsara has an average rating of “Hold” and a consensus target price of $51.29.

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.