Impact Investors Inc Invests $1.05 Million in Samsara Inc. (NYSE:IOT)

Impact Investors Inc purchased a new stake in Samsara Inc. (NYSE:IOT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,049 shares of the company’s stock, valued at approximately $1,051,000.

Several other large investors have also recently bought and sold shares of IOT. Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the third quarter valued at approximately $34,000. IFP Advisors Inc grew its holdings in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after buying an additional 598 shares in the last quarter. Continuum Advisory LLC increased its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares during the period. UMB Bank n.a. boosted its position in shares of Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after acquiring an additional 635 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Stock Down 1.3 %

NYSE:IOT opened at $49.96 on Wednesday. The firm has a market capitalization of $28.04 billion, a P/E ratio of -106.30 and a beta of 1.61. The company has a fifty day moving average of $49.05 and a 200-day moving average of $48.10. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. Truist Financial raised their price objective on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Piper Sandler boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.67.

Insider Buying and Selling

In other Samsara news, major shareholder Sanjit Biswas sold 83,333 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total transaction of $4,484,148.73. Following the transaction, the insider now directly owns 19,200 shares in the company, valued at approximately $1,033,152. This trade represents a 81.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares of the company’s stock, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,292,355 shares of company stock valued at $61,771,186. 60.04% of the stock is owned by company 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.