Samsara Inc. (NYSE:IOT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in Samsara Inc. (NYSE:IOT - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,136,065 shares of the company's stock after selling 318,602 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.88% of Samsara worth $704,985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IOT. SBI Securities Co. Ltd. purchased a new position in Samsara in the fourth quarter worth approximately $431,000. Charles Schwab Investment Management Inc. raised its holdings in Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after buying an additional 47,911 shares during the period. Wells Fargo & Company MN boosted its stake in Samsara by 101.4% during the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock worth $5,644,000 after buying an additional 65,028 shares during the period. Renaissance Technologies LLC raised its stake in shares of Samsara by 30.4% in the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after acquiring an additional 178,102 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after purchasing an additional 863,197 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00. Following the completion of the sale, the insider now owns 102,000 shares in the company, valued at $3,566,940. This represents a 61.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dominic Phillips sold 21,157 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total transaction of $811,794.09. Following the transaction, the insider now directly owns 638,642 shares in the company, valued at $24,504,693.54. The trade was a 3.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,243,232 shares of company stock worth $49,935,075. Corporate insiders own 60.04% of the company's stock.

Samsara Trading Down 0.7 %

NYSE:IOT traded down $0.27 during midday trading on Wednesday, hitting $38.97. 671,309 shares of the company were exchanged, compared to its average volume of 3,757,097. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The company has a market capitalization of $22.19 billion, a PE ratio of -82.82 and a beta of 1.71. The company has a fifty day simple moving average of $39.78 and a 200 day simple moving average of $46.26.

Analyst Upgrades and Downgrades

IOT has been the subject of several research analyst reports. Berenberg Bank assumed coverage on Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Piper Sandler decreased their price target on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial cut their price target on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock 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.