Samsara Inc. (NYSE:IOT) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its stake in shares of Samsara Inc. (NYSE:IOT) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,670 shares of the company’s stock after selling 680 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Samsara were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Jordan Park Trust Co LLC bought a new position in Samsara during the 4th quarter valued at $112,041,000. Norges Bank acquired a new stake in shares of Samsara in the 4th quarter valued at about $106,274,000. Lord Abbett & CO. LLC grew its stake in Samsara by 1,909.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after purchasing an additional 1,777,757 shares in the last quarter. Vanguard Group Inc. increased its holdings in Samsara by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after buying an additional 863,197 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Samsara by 13,426.9% during the fourth quarter. Jennison Associates LLC now owns 593,562 shares of the company’s stock valued at $25,933,000 after buying an additional 589,174 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at Samsara

In other Samsara news, insider Dominic Phillips sold 21,157 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total transaction of $811,794.09. Following the sale, the insider now owns 638,642 shares in the company, valued at approximately $24,504,693.54. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares of the company’s stock, valued at approximately $10,934,289.52. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,628,453 shares of company stock valued at $71,145,841 over the last ninety days. Insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial decreased their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada lowered their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating on the stock. Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Finally, Craig Hallum restated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Samsara Stock Down 1.8 %

Shares of IOT stock opened at $38.09 on Thursday. The stock has a 50-day simple moving average of $46.86 and a 200 day simple moving average of $47.86. The stock has a market capitalization of $21.38 billion, a P/E ratio of -81.04 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.

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.