Ensign Peak Advisors Inc Buys 13,445 Shares of Samsara Inc. (NYSE:IOT)

Ensign Peak Advisors Inc lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,877 shares of the company's stock after purchasing an additional 13,445 shares during the period. Ensign Peak Advisors Inc's holdings in Samsara were worth $5,500,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Deutsche Bank AG lifted its stake in shares of Samsara by 4.1% in the 4th quarter. Deutsche Bank AG now owns 282,202 shares of the company's stock worth $12,329,000 after purchasing an additional 11,199 shares during the period. Cetera Investment Advisers lifted its stake in shares of Samsara by 9.4% in the 4th quarter. Cetera Investment Advisers now owns 28,018 shares of the company's stock worth $1,224,000 after purchasing an additional 2,409 shares during the period. Captrust Financial Advisors lifted its stake in shares of Samsara by 7.8% in the 4th quarter. Captrust Financial Advisors now owns 11,036 shares of the company's stock worth $482,000 after purchasing an additional 796 shares during the period. Bamco Inc. NY lifted its stake in shares of Samsara by 1.4% in the 4th quarter. Bamco Inc. NY now owns 676,568 shares of the company's stock worth $29,559,000 after purchasing an additional 9,443 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Samsara by 6.2% in the 4th quarter. Bank of America Corp DE now owns 1,175,231 shares of the company's stock worth $51,346,000 after purchasing an additional 68,953 shares during the period. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IOT shares. Royal Bank of Canada reduced their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Raymond James started coverage on shares of Samsara in a report on Wednesday, February 26th. They issued a "market perform" rating for the company. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Monday, March 10th. Piper Sandler reissued an "overweight" rating and issued a $53.00 target price (up from $44.00) on shares of Samsara in a report on Wednesday. Finally, Cowen reissued a "buy" rating on shares of Samsara in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.47.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 21,735 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $42.98, for a total value of $934,170.30. Following the completion of the transaction, the insider now directly owns 985,789 shares of the company's stock, valued at approximately $42,369,211.22. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the transaction, the insider now directly owns 320,936 shares of the company's stock, valued at approximately $10,934,289.52. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,239,721 shares of company stock valued at $48,223,793 in the last three months. 60.04% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

IOT traded up $0.53 during trading on Friday, reaching $47.46. 2,949,121 shares of the company traded hands, compared to its average volume of 3,748,585. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a fifty day simple moving average of $39.52 and a 200 day simple moving average of $45.81. The company has a market cap of $27.02 billion, a P/E ratio of -100.98 and a beta of 1.70.

About Samsara

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.