Toronto Dominion Bank Buys 6,692 Shares of Samsara Inc. (NYSE:IOT)

Toronto Dominion Bank grew its stake in Samsara Inc. (NYSE:IOT) by 33.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,536 shares of the company’s stock after purchasing an additional 6,692 shares during the period. Toronto Dominion Bank’s holdings in Samsara were worth $1,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resources Management Corp CT ADV grew its position in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after buying an additional 490 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Samsara during the 2nd quarter worth approximately $38,000. Nemes Rush Group LLC bought a new stake in shares of Samsara during the second quarter valued at approximately $45,000. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI lifted their price objective on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Finally, Bank of America upped their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.29.

Samsara Stock Performance

NYSE:IOT opened at $47.16 on Tuesday. The stock’s fifty day moving average price is $50.44 and its two-hundred day moving average price is $42.80. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The company has a market cap of $26.24 billion, a price-to-earnings ratio of -100.34 and a beta of 1.53.

Insider Transactions at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $46.83, for a total transaction of $4,495,680.00. Following the completion of the sale, the chief executive officer now owns 57,600 shares of the company’s stock, valued at approximately $2,697,408. The trade was a 62.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total value of $5,160,489.60. The disclosure for this sale can be found here. Insiders sold a total of 1,375,296 shares of company stock worth $69,075,725 over the last 90 days. 60.04% of the stock is owned by insiders.

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.