Blair William & Co. IL Cuts Stock Position in Samsara Inc. (NYSE:IOT)

Blair William & Co. IL lessened its holdings in Samsara Inc. (NYSE:IOT) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 753,156 shares of the company’s stock after selling 14,999 shares during the quarter. Blair William & Co. IL owned 0.13% of Samsara worth $32,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Jordan Park Trust Co LLC purchased a new stake in Samsara during the fourth quarter worth about $112,041,000. Lord Abbett & CO. LLC grew its position in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after acquiring an additional 1,777,757 shares during the period. FMR LLC increased its stake in shares of Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock worth $916,555,000 after purchasing an additional 863,197 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IOT has been the topic of several research reports. Berenberg Bank began coverage on Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. Truist Financial cut their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Craig Hallum reissued a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Loop Capital raised their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 59,114 shares of Samsara stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the completion of the sale, the insider now directly owns 196,678 shares of the company’s stock, valued at approximately $8,899,679.50. The trade was a 23.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bicket sold 107,152 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the completion of the transaction, the insider now owns 138,000 shares of the company’s stock, valued at $7,055,940. This trade represents a 43.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,607,296 shares of company stock worth $70,334,047 over the last three months. 60.04% of the stock is owned by insiders.

Samsara Trading Down 2.4 %

Shares of IOT opened at $40.66 on Friday. The stock has a 50-day moving average price of $47.55 and a 200-day moving average price of $48.08. The company has a market cap of $22.82 billion, a PE ratio of -86.51 and a beta of 1.63. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.

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.