Samsara Inc. (NYSE:IOT) Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Samsara Inc. (NYSE:IOT) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,679 shares of the company’s stock after purchasing an additional 802 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Samsara were worth $1,690,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IOT. Baillie Gifford & Co. boosted its stake in Samsara by 23.4% during the 3rd 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 period. FMR LLC boosted 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 buying an additional 1,604,822 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Samsara by 4.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after buying an additional 138,702 shares during the period. Geode Capital Management LLC grew its holdings in Samsara by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after buying an additional 196,867 shares in the last quarter. Finally, State Street Corp increased its position in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, insider Dominic Phillips sold 20,137 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $46.39, for a total value of $934,155.43. Following the completion of the sale, the insider now owns 882,664 shares in the company, valued at approximately $40,946,782.96. This represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 64,188 shares of Samsara stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total transaction of $3,047,646.24. Following the transaction, the chief executive officer now owns 41,272 shares in the company, valued at approximately $1,959,594.56. The trade was a 60.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,570,445 shares of company stock valued at $76,112,970 over the last three months. Insiders own 60.04% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of several recent analyst reports. Loop Capital increased their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company increased 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. Royal Bank of Canada boosted 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. BMO Capital Markets increased their price objective on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Morgan Stanley boosted their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus price target of $51.29.

Samsara Stock Up 2.4 %

IOT opened at $49.33 on Tuesday. The firm has a market cap of $27.68 billion, a PE ratio of -104.95 and a beta of 1.59. The business has a fifty day simple moving average of $47.99 and a 200-day simple moving average of $45.43. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.

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.