Hanson & Doremus Investment Management Purchases 3,654 Shares of Samsara Inc. (NYSE:IOT)

Hanson & Doremus Investment Management boosted its position in shares of Samsara Inc. (NYSE:IOT) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,410 shares of the company’s stock after acquiring an additional 3,654 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Samsara were worth $3,295,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IOT. State Street Corp lifted its stake in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Samsara by 193.4% in the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after buying an additional 40,833 shares during the last quarter. Swiss National Bank boosted its stake in shares of Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after acquiring an additional 18,400 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Samsara by 2,787.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after acquiring an additional 10,452 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Samsara during the 2nd quarter worth approximately $537,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IOT shares. Piper Sandler upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Craig Hallum started coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective for the company. BNP Paribas started coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Finally, Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.29.

Samsara Stock Performance

Samsara stock opened at $51.08 on Thursday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The stock has a market capitalization of $28.67 billion, a P/E ratio of -108.69 and a beta of 1.59. The stock has a fifty day moving average of $47.98 and a 200-day moving average of $45.62.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the transaction, the insider now directly owns 331,106 shares in the company, valued at approximately $14,505,753.86. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sanjit Biswas sold 56,474 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $43.33, for a total value of $2,447,018.42. Following the sale, the insider now owns 116,257 shares in the company, valued at approximately $5,037,415.81. This trade represents a 32.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,677,597 shares of company stock valued at $81,591,651. 60.04% of the stock is currently owned by corporate 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.