SBI Securities Co. Ltd. Buys New Stake in Samsara Inc. (NYSE:IOT)

SBI Securities Co. Ltd. bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,862 shares of the company's stock, valued at approximately $431,000.

Several other large investors also recently bought and sold shares of IOT. Continuum Advisory LLC grew its stake in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after buying an additional 247 shares in the last quarter. Private Trust Co. NA grew its position in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after acquiring an additional 250 shares in the last quarter. CIBC Asset Management Inc increased its stake in Samsara by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after acquiring an additional 300 shares during the last quarter. Wellington Management Group LLP raised its position in Samsara by 5.1% during the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock valued at $383,000 after purchasing an additional 388 shares during the period. Finally, abrdn plc lifted its stake in shares of Samsara by 11.6% in the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock valued at $210,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at Samsara

In other news, insider Dominic Phillips sold 20,136 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20. Following the completion of the sale, the insider now owns 882,664 shares in the company, valued at approximately $44,530,398.80. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total transaction of $5,160,489.60. The disclosure for this sale can be found here. Insiders sold a total of 1,389,912 shares of company stock valued at $65,081,064 in the last ninety days. Corporate insiders own 60.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Morgan Stanley lifted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Samsara presently has an average rating of "Hold" and a consensus price target of $49.60.

Samsara Trading Down 15.7 %

Shares of NYSE IOT traded down $6.57 during trading hours on Friday, reaching $35.32. The stock had a trading volume of 13,181,864 shares, compared to its average volume of 3,457,513. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of -75.14 and a beta of 1.63. The business's fifty day moving average price is $49.21 and its two-hundred day moving average price is $48.29.

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.