Left Brain Wealth Management LLC Makes New Investment in Samsara Inc. (NYSE:IOT)

Left Brain Wealth Management LLC bought a new stake in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Samsara during the 4th quarter valued at about $31,000. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter valued at about $34,000. IFP Advisors Inc grew its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after acquiring an additional 598 shares during the period. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada lowered their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company lowered their price objective on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Price Performance

IOT opened at $37.14 on Friday. The company’s 50 day simple moving average is $48.42 and its two-hundred day simple moving average is $48.12. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of -79.02 and a beta of 1.63.

Insiders Place Their Bets

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50. Following the sale, the insider now directly owns 1,571,848 shares in the company, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,585,272 shares of company stock valued at $70,167,096 in the last ninety days. 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.