Landscape Capital Management L.L.C. acquired a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 28,570 shares of the company's stock, valued at approximately $1,248,000.
Several other institutional investors and hedge funds have also modified their holdings of IOT. GLOBALT Investments LLC GA boosted its holdings in shares of Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock valued at $2,444,000 after buying an additional 182 shares during the period. Continuum Advisory LLC boosted its stake in 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 period. CIBC Asset Management Inc boosted its stake in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after purchasing an additional 300 shares during the period. Wellington Management Group LLP raised its stake 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 valued at $383,000 after purchasing an additional 388 shares during the period. Finally, abrdn plc lifted its holdings in shares of Samsara by 11.6% in the fourth quarter. abrdn plc now owns 4,792 shares of the company's stock valued at $210,000 after purchasing an additional 498 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Samsara news, insider John Bicket sold 107,152 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the transaction, the insider now directly owns 138,000 shares of the company's stock, valued at $7,055,940. This represents a 43.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 81,163 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $43.39, for a total value of $3,521,662.57. Following the transaction, the insider now owns 130,365 shares in the company, valued at $5,656,537.35. The trade was a 38.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,484,276 shares of company stock valued at $64,741,770. Company insiders own 60.04% of the company's stock.
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Analyst Ratings Changes
A number of research analysts recently issued reports on IOT shares. Truist Financial decreased their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. Royal Bank of Canada lowered their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Cowen reissued a "buy" rating on shares of Samsara in a research report on Friday, March 7th. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Monday, March 10th. Finally, Craig Hallum reissued a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.20.
View Our Latest Stock Analysis on Samsara
Samsara Price Performance
Samsara stock traded down $1.56 during mid-day trading on Thursday, hitting $37.90. 1,935,141 shares of the company's stock traded hands, compared to its average volume of 3,751,969. The firm has a 50 day simple moving average of $44.79 and a two-hundred day simple moving average of $47.25. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of -81.06 and a beta of 1.71.
Samsara Profile
(Free Report)
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.
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