Nebula Research & Development LLC Has $993,000 Holdings in Samsara Inc. (NYSE:IOT)

Nebula Research & Development LLC reduced its stake in Samsara Inc. (NYSE:IOT - Free Report) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,736 shares of the company's stock after selling 23,940 shares during the quarter. Nebula Research & Development LLC's holdings in Samsara were worth $993,000 as of its most recent SEC filing.

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

Samsara Trading Up 1.0 %

Shares of NYSE:IOT traded up $0.41 during trading on Wednesday, reaching $39.65. 2,426,205 shares of the stock were exchanged, compared to its average volume of 3,763,880. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a 50-day moving average price of $39.78 and a 200-day moving average price of $46.26. The firm has a market cap of $22.57 billion, a PE ratio of -84.36 and a beta of 1.71.

Insider Buying and Selling

In other news, insider Sanjit Biswas sold 85,291 shares of Samsara stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the completion of the sale, the insider now owns 132,000 shares of the company's stock, valued at approximately $7,299,600. This trade represents a 39.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the transaction, the director now directly owns 373,579 shares in the company, valued at approximately $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,243,232 shares of company stock valued at $49,935,075. Insiders own 60.04% of the company's stock.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of recent research reports. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. 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 dropped their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler dropped their price target on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Samsara has an average rating of "Moderate Buy" and an average price target of $48.87.

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.