Samsara Inc. (NYSE:IOT) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Samsara Inc. (NYSE:IOT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,900 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Samsara were worth $738,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Continuum Advisory LLC lifted its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. Private Trust Co. NA lifted its holdings in 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 during the period. CIBC Asset Management Inc lifted its holdings in Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after acquiring an additional 300 shares during the period. Wellington Management Group LLP lifted its holdings in Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after acquiring an additional 388 shares during the period. Finally, abrdn plc lifted its holdings in Samsara by 11.6% in the fourth quarter. abrdn plc now owns 4,792 shares of the company’s stock valued at $210,000 after acquiring an additional 498 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 23,960 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 331,106 shares in the company, valued at $14,505,753.86. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,585,272 shares of company stock valued at $70,167,096. Insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IOT. Raymond James initiated coverage on Samsara in a report on Wednesday, February 26th. They issued a “market perform” rating for the company. Wells Fargo & Company cut their price objective on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Craig Hallum restated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Stock Performance

NYSE IOT opened at $37.91 on Friday. The stock’s fifty day moving average is $48.26 and its two-hundred day moving average is $48.14. The firm has a market capitalization of $21.28 billion, a P/E ratio of -80.67 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

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.