Samsara Inc. (NYSE:IOT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,776,416 shares of the company's stock after selling 322,931 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Samsara worth $77,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after acquiring an additional 414 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Samsara in the fourth quarter worth about $31,000. IFP Advisors Inc lifted its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Samsara during the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. lifted its position in shares of Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after buying an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Down 1.0%

Shares of Samsara stock traded down $0.47 on Friday, reaching $45.32. 1,942,100 shares of the stock were exchanged, compared to its average volume of 3,740,958. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of -96.33 and a beta of 1.70. The business has a 50 day moving average price of $40.83 and a two-hundred day moving average price of $45.62.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IOT shares. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a report on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $53.00 price objective (up previously from $44.00) on shares of Samsara in a research report on Wednesday, May 14th. Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Craig Hallum restated a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Morgan Stanley dropped their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.47.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 145,392 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $44.27, for a total value of $6,436,503.84. Following the completion of the sale, the insider now directly owns 120,000 shares in the company, valued at $5,312,400. The trade was a 54.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Chadwick sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares of the company's stock, valued at $14,464,978.88. This trade represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,442,089 shares of company stock worth $57,323,475. 60.04% of the stock is owned by corporate insiders.

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.