Central Pacific Bank Trust Division Has $578,000 Stock Holdings in Samsara Inc. (NYSE:IOT)

Central Pacific Bank Trust Division decreased its holdings in Samsara Inc. (NYSE:IOT) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,227 shares of the company’s stock after selling 1,152 shares during the period. Central Pacific Bank Trust Division’s holdings in Samsara were worth $578,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IOT. State Street Corp grew its position in Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after purchasing an additional 40,833 shares during the last quarter. Swiss National Bank increased its position in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after purchasing an additional 10,452 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Samsara during the second quarter worth $537,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insiders Place Their Bets

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total value of $5,160,489.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjit Biswas sold 54,492 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $47.80, for a total transaction of $2,604,717.60. Following the transaction, the chief executive officer now owns 717,394 shares in the company, valued at $34,291,433.20. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,335,355 shares of company stock worth $66,750,265. 60.04% of the stock is owned by corporate insiders.

Samsara Price Performance

Shares of NYSE:IOT opened at $45.91 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The business’s 50-day moving average is $49.26 and its 200-day moving average is $43.94. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of -97.68 and a beta of 1.53.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IOT shares. Craig Hallum initiated coverage on Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. BMO Capital Markets lifted their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BNP Paribas initiated coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Finally, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Samsara currently has an average rating of “Hold” and an average target price of $51.29.

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.