Samsara Inc. (NYSE:IOT) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lowered its position in Samsara Inc. (NYSE:IOT) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,085 shares of the company’s stock after selling 1,000 shares during the period. Carnegie Investment Counsel’s holdings in Samsara were worth $3,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Paragon Capital Management Ltd lifted its position in shares of Samsara by 80.8% during the 4th quarter. Paragon Capital Management Ltd now owns 35,126 shares of the company’s stock valued at $1,535,000 after acquiring an additional 15,703 shares during the period. Capstone Wealth Management Group LLC lifted its position in shares of Samsara by 18.3% during the 4th quarter. Capstone Wealth Management Group LLC now owns 31,550 shares of the company’s stock valued at $1,378,000 after acquiring an additional 4,890 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Samsara by 12.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 7,950 shares of the company’s stock valued at $347,000 after acquiring an additional 900 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Samsara during the 4th quarter valued at approximately $1,333,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Samsara by 232.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,989 shares of the company’s stock valued at $2,165,000 after acquiring an additional 31,439 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Up 2.0 %

Shares of NYSE IOT opened at $46.75 on Friday. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The firm has a fifty day moving average of $48.51 and a 200-day moving average of $44.80. The stock has a market capitalization of $26.24 billion, a PE ratio of -99.48 and a beta of 1.59.

Analysts Set New Price Targets

IOT has been the subject of several research reports. BMO Capital Markets lifted their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Craig Hallum initiated coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective for the company. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, TD Cowen lifted their price objective on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.29.

Insider Activity

In other news, insider Adam Eltoukhy sold 9,307 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at $19,660,647.20. The trade was a 2.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dominic Phillips sold 20,137 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $46.39, for a total transaction of $934,155.43. Following the sale, the insider now directly owns 882,664 shares of the company’s stock, valued at $40,946,782.96. This represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,606,542 shares of company stock valued at $77,988,715 in the last ninety days. Company insiders own 60.04% of the company’s stock.

About Samsara

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.