Samsara Inc. (NYSE:IOT) Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Samsara Inc. (NYSE:IOT) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,978,589 shares of the company’s stock after purchasing an additional 863,197 shares during the quarter. Vanguard Group Inc. owned about 3.74% of Samsara worth $916,555,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IOT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Samsara during the 3rd quarter worth about $697,000. Intech Investment Management LLC acquired a new position in shares of Samsara during the third quarter valued at approximately $644,000. Daiwa Securities Group Inc. increased its stake in shares of Samsara by 12.9% during the third quarter. Daiwa Securities Group Inc. now owns 15,800 shares of the company’s stock valued at $760,000 after acquiring an additional 1,800 shares during the period. Private Trust Co. NA raised its holdings in Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Samsara by 14.1% in the third quarter. The Manufacturers Life Insurance Company now owns 47,723 shares of the company’s stock worth $2,296,000 after purchasing an additional 5,897 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on IOT. Craig Hallum reiterated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 target price on the stock. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Monday, March 10th. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.60.

Samsara Stock Down 4.4 %

Shares of Samsara stock opened at $38.87 on Friday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a market cap of $21.81 billion, a PE ratio of -82.71 and a beta of 1.63. The business has a fifty day simple moving average of $47.39 and a 200-day simple moving average of $48.03.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjit Biswas sold 13,086 shares of Samsara 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 sale, the insider now directly owns 1,571,848 shares of the company’s stock, valued at $87,630,526. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,607,296 shares of company stock worth $70,334,047. 60.04% of the stock is currently owned by company insiders.

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.