Voloridge Investment Management LLC reduced its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 887,911 shares of the company's stock after selling 1,073,753 shares during the quarter. Voloridge Investment Management LLC owned about 0.16% of Samsara worth $38,793,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Samsara by 163.2% during the third quarter. Barclays PLC now owns 412,066 shares of the company's stock valued at $19,829,000 after purchasing an additional 255,532 shares during the period. UMB Bank n.a. grew its position in Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after purchasing an additional 635 shares during the period. Legal Advantage Investments Inc. bought a new stake in Samsara during the 4th quarter valued at $218,000. Perpetual Ltd acquired a new position in Samsara during the fourth quarter worth $314,000. Finally, SG Americas Securities LLC lifted its stake in shares of Samsara by 210.5% in the fourth quarter. SG Americas Securities LLC now owns 33,962 shares of the company's stock valued at $1,484,000 after buying an additional 23,023 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on IOT. Wall Street Zen raised shares of Samsara from a "hold" rating to a "buy" rating in a research report on Thursday. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research note on Monday, March 10th. Truist Financial lowered 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. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Finally, Berenberg Bank started coverage on Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Samsara currently has a consensus rating of "Moderate Buy" and an average target price of $49.47.
Read Our Latest Stock Analysis on Samsara
Insider Transactions at Samsara
In other Samsara news, insider Adam Eltoukhy sold 31,042 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $35.89, for a total value of $1,114,097.38. Following the completion of the sale, the insider now directly owns 331,106 shares of the company's stock, valued at $11,883,394.34. This trade represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dominic Phillips sold 54,134 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $38.60, for a total value of $2,089,572.40. Following the transaction, the insider now directly owns 638,642 shares in the company, valued at $24,651,581.20. This represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,560,678 shares of company stock worth $63,152,124 in the last quarter. Insiders own 60.04% of the company's stock.
Samsara Stock Performance
IOT stock traded down $0.47 during mid-day trading on Monday, hitting $45.67. The company had a trading volume of 1,909,616 shares, compared to its average volume of 3,756,216. The firm has a market cap of $26.00 billion, a PE ratio of -97.17 and a beta of 1.70. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock's fifty day moving average price is $40.37 and its two-hundred day moving average price is $45.70.
Samsara Company 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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