Samsara Inc. (NYSE:IOT) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 788,606 shares of the company's stock after buying an additional 171,486 shares during the quarter. Northern Trust Corp owned about 0.14% of Samsara worth $34,454,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have issued reports on IOT shares. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Monday, March 10th. Berenberg Bank initiated coverage on shares of Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective on the stock. Wells Fargo & Company dropped their price target on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, Morgan Stanley decreased their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $48.87.

Insider Activity

In related news, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the sale, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction on 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 sale, the insider now directly owns 1,571,848 shares in the company, valued at approximately $87,630,526. This represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,252,807 shares of company stock worth $48,953,337 in the last three months. Company insiders own 60.04% of the company's stock.

Samsara Price Performance

Samsara stock traded up $1.39 during mid-day trading on Tuesday, reaching $46.64. 1,591,150 shares of the stock traded hands, compared to its average volume of 3,754,554. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock has a market capitalization of $26.55 billion, a PE ratio of -99.23 and a beta of 1.70. The business's 50-day moving average is $38.79 and its 200-day moving average is $45.81.

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.