Mercer Global Advisors Inc. ADV Has $730,000 Stock Holdings in Samsara Inc. (NYSE:IOT)

Mercer Global Advisors Inc. ADV increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 269.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,698 shares of the company's stock after acquiring an additional 12,176 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Samsara were worth $730,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NewEdge Advisors LLC raised 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 worth $25,000 after purchasing an additional 414 shares during the period. Jones Financial Companies Lllp acquired a new stake in Samsara in the fourth quarter worth $31,000. IFP Advisors Inc increased its holdings in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after acquiring an additional 598 shares during the period. National Bank of Canada FI bought a new stake in Samsara in the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. boosted its stake in 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 purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IOT shares. Wells Fargo & Company cut their price target on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Berenberg Bank initiated coverage on Samsara in a research note on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Truist Financial reduced their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, March 7th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.47.

Samsara Stock Performance

Shares of NYSE IOT traded up $0.82 during trading hours on Wednesday, hitting $47.45. The stock had a trading volume of 3,302,214 shares, compared to its average volume of 3,752,751. The company has a market capitalization of $27.01 billion, a P/E ratio of -100.96 and a beta of 1.70. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm's 50-day moving average price is $38.79 and its two-hundred day moving average price is $45.81.

Insider Activity at Samsara

In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50. Following the completion of the transaction, the insider now owns 1,571,848 shares in the company, valued at $87,630,526. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dominic Phillips sold 20,534 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $40.40, for a total value of $829,573.60. Following the completion of the sale, the insider now directly owns 903,508 shares in the company, valued at approximately $36,501,723.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,252,807 shares of company stock worth $48,953,337. 60.04% of the stock is owned by insiders.

Samsara 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.