Samsara Inc. (NYSE:IOT) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its holdings in shares of Samsara Inc. (NYSE:IOT) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,085 shares of the company’s stock after selling 500 shares during the period. Harbour Capital Advisors LLC’s holdings in Samsara were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IOT. Rhumbline Advisers lifted its holdings in Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,930 shares in the last quarter. National Bank of Canada FI acquired a new stake in Samsara in the 2nd quarter worth about $38,000. Victory Capital Management Inc. increased its stake in Samsara by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 60,238 shares of the company’s stock worth $2,030,000 after buying an additional 4,511 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Samsara during the second quarter valued at approximately $136,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Samsara by 15.7% in the second quarter. Daiwa Securities Group Inc. now owns 14,000 shares of the company’s stock valued at $472,000 after acquiring an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Performance

Shares of NYSE IOT traded down $0.59 during mid-day trading on Monday, reaching $43.19. 1,028,480 shares of the company’s stock were exchanged, compared to its average volume of 2,332,325. The company’s 50-day moving average is $48.87 and its 200-day moving average is $44.64. The firm has a market capitalization of $24.24 billion, a price-to-earnings ratio of -91.89 and a beta of 1.59. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 75,594 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66. Following the sale, the chief executive officer now owns 120,292 shares of the company’s stock, valued at $6,723,119.88. The trade was a 38.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Bicket sold 75,600 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00. Following the transaction, the insider now owns 400,020 shares of the company’s stock, valued at approximately $22,357,117.80. This represents a 15.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,281,473 shares of company stock valued at $64,015,165 over the last 90 days. 60.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IOT has been the subject of several recent research reports. Craig Hallum assumed coverage on Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective for the company. TD Cowen boosted their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. BNP Paribas assumed coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective for the company. BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara currently has a consensus rating of “Hold” and a consensus price target of $51.29.

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.