Prosperity Financial Group Inc. Raises Stake in Samsara Inc. (NYSE:IOT)

Prosperity Financial Group Inc. boosted its position in Samsara Inc. (NYSE:IOT) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,477 shares of the company’s stock after buying an additional 2,599 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Samsara were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AGF Management Ltd. boosted its stake in Samsara by 20.5% in the fourth quarter. AGF Management Ltd. now owns 361,427 shares of the company’s stock worth $15,791,000 after buying an additional 61,451 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Samsara by 7.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,900 shares of the company’s stock worth $738,000 after buying an additional 1,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Samsara by 3.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,091 shares of the company’s stock worth $2,276,000 after buying an additional 1,672 shares in the last quarter. Jordan Park Trust Co LLC bought a new position in shares of Samsara in the fourth quarter worth approximately $112,041,000. Finally, Amundi grew its holdings in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after purchasing an additional 547,390 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares in the company, valued at approximately $10,934,289.52. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dominic Phillips sold 64,629 shares of Samsara stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $45.95, for a total value of $2,969,702.55. Following the completion of the sale, the insider now owns 755,001 shares of the company’s stock, valued at $34,692,295.95. The trade was a 7.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,292,341 shares of company stock worth $60,151,786 over the last three months. 60.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

IOT has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada dropped their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday. Loop Capital raised their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Price Performance

Shares of NYSE:IOT opened at $35.91 on Wednesday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The business has a fifty day moving average price of $48.67 and a 200-day moving average price of $48.27. The company has a market capitalization of $20.15 billion, a PE ratio of -76.40 and a beta of 1.63.

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.