HUB Investment Partners LLC Acquires New Position in Samsara Inc. (NYSE:IOT)

HUB Investment Partners LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,703 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GLOBALT Investments LLC GA grew its position in Samsara by 0.3% during the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after purchasing an additional 182 shares in the last quarter. Continuum Advisory LLC grew its position in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. Private Trust Co. NA grew its position in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares in the last quarter. CIBC Asset Management Inc grew its position in Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after acquiring an additional 300 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after acquiring an additional 388 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Samsara

In other news, insider Adam Eltoukhy sold 3,903 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. This represents a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,573,317 shares of company stock worth $69,108,479 in the last ninety days. 60.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on IOT shares. Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Royal Bank of Canada decreased their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. upped 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. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Samsara Price Performance

NYSE:IOT opened at $40.26 on Friday. The stock has a market cap of $22.59 billion, a P/E ratio of -85.65 and a beta of 1.63. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company has a fifty day moving average price of $47.80 and a 200 day moving average price of $48.09.

Samsara 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.