Corton Capital Inc. reduced its position in Samsara Inc. (NYSE:IOT - Free Report) by 62.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,819 shares of the company's stock after selling 11,455 shares during the quarter. Corton Capital Inc.'s holdings in Samsara were worth $298,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in IOT. SBI Securities Co. Ltd. bought a new position in Samsara in the fourth quarter worth about $431,000. Charles Schwab Investment Management Inc. lifted its position in shares of Samsara by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after buying an additional 47,911 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Samsara by 101.4% during the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after buying an additional 65,028 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Samsara by 30.4% during the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after buying an additional 178,102 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Samsara by 4.3% during the 4th 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 in the last quarter. 96.02% of the stock is currently owned by institutional investors.
Samsara Stock Performance
NYSE IOT traded up $1.76 on Monday, reaching $45.06. The stock had a trading volume of 1,140,294 shares, compared to its average volume of 3,750,651. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The business's 50-day moving average price is $38.66 and its 200 day moving average price is $45.82. The stock has a market cap of $25.65 billion, a P/E ratio of -95.85 and a beta of 1.70.
Wall Street Analyst Weigh In
IOT has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Cowen reissued a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Truist Financial reduced their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, Craig Hallum reissued a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and an average price target of $48.87.
View Our Latest Report on Samsara
Insider Transactions at Samsara
In related news, insider Sanjit Biswas sold 13,086 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares of the company's stock, valued at $87,630,526. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,338,098 shares of company stock worth $53,669,929 over the last 90 days. 60.04% of the stock is currently owned by insiders.
Samsara Profile
(
Free Report)
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.
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