Samsara Inc. (NYSE:IOT) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 676,568 shares of the company's stock after purchasing an additional 9,443 shares during the quarter. Bamco Inc. NY owned 0.12% of Samsara worth $29,559,000 at the end of the most recent reporting period.

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

Samsara Trading Up 1.3 %

IOT traded up $0.56 on Wednesday, hitting $41.96. 2,933,961 shares of the company were exchanged, compared to its average volume of 3,759,866. The firm has a 50-day moving average price of $38.73 and a two-hundred day moving average price of $45.91. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The company has a market cap of $23.89 billion, a price-to-earnings ratio of -89.27 and a beta of 1.70.

Analyst Ratings Changes

A number of research firms have weighed in on IOT. Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price on the stock. Piper Sandler lowered their price target on Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Wells Fargo & Company reduced their price target on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.87.

Insider Buying and Selling

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dominic Phillips sold 20,534 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $40.40, for a total value of $829,573.60. Following the transaction, the insider now directly owns 903,508 shares of the company's stock, valued at approximately $36,501,723.20. This represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,242,965 shares of company stock worth $49,704,422. Company insiders own 60.04% of the company's stock.

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.