Samsara Inc. (NYSE:IOT) Position Decreased by Principal Securities Inc.

Principal Securities Inc. reduced its holdings in Samsara Inc. (NYSE:IOT) by 31.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,042 shares of the company’s stock after selling 478 shares during the period. Principal Securities Inc.’s holdings in Samsara were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IOT. Hobbs Group Advisors LLC acquired a new position in Samsara in the third quarter worth approximately $34,000. Continuum Advisory LLC boosted its stake in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares during the last quarter. UMB Bank n.a. raised its position in shares of Samsara by 62.1% during the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after purchasing an additional 635 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Samsara by 77.5% during the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $91,000 after purchasing an additional 821 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IOT shares. Royal Bank of Canada lifted their price target on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank initiated coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price for the company. Eleven equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $51.67.

Insider Transactions at Samsara

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Sanjit Biswas sold 83,333 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total value of $4,484,148.73. Following the completion of the sale, the insider now owns 19,200 shares of the company’s stock, valued at approximately $1,033,152. This trade represents a 81.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,410,944 shares of company stock valued at $67,599,835 in the last three months. Corporate insiders own 60.04% of the company’s stock.

Samsara Trading Down 5.4 %

IOT opened at $47.36 on Friday. The stock has a fifty day moving average price of $49.27 and a 200 day moving average price of $48.10. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of -100.76 and a beta of 1.61.

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.