Mackenzie Financial Corp Trims Position in Samsara Inc. (NYSE:IOT)

Mackenzie Financial Corp decreased its position in Samsara Inc. (NYSE:IOT - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,248 shares of the company's stock after selling 5,764 shares during the quarter. Mackenzie Financial Corp's holdings in Samsara were worth $885,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GLOBALT Investments LLC GA lifted its holdings in Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after purchasing an additional 182 shares in the last quarter. Tidal Investments LLC boosted its holdings in Samsara by 4.6% during the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after acquiring an additional 281 shares during the period. Continuum Advisory LLC boosted its holdings in Samsara by 32.1% during the 4th quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after acquiring an additional 282 shares during the period. CIBC Asset Management Inc boosted its holdings in Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after acquiring an additional 300 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after acquiring an additional 414 shares during the period. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Piper Sandler reiterated an "overweight" rating and issued a $53.00 target price (up from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Truist Financial lowered their target price on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price objective on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Samsara has an average rating of "Moderate Buy" and an average price target of $49.87.

Samsara Stock Up 1.6%

IOT traded up $0.75 on Thursday, hitting $47.48. 8,114,563 shares of the company traded hands, compared to its average volume of 3,751,744. The company has a 50 day moving average of $41.45 and a 200-day moving average of $45.47. The stock has a market capitalization of $27.03 billion, a PE ratio of -101.02 and a beta of 1.74. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.

Insider Buying and Selling at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Eltoukhy sold 3,903 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. This represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,626,697 shares of company stock valued at $66,099,630 in the last ninety days. Insiders own 60.04% of the company's stock.

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.