Samsara Inc. (NYSE:IOT) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,691,093 shares of the company's stock after purchasing an additional 254,754 shares during the period. Voya Investment Management LLC owned 0.30% of Samsara worth $73,884,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GLOBALT Investments LLC GA grew its position in shares of Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after buying an additional 182 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Samsara by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after purchasing an additional 300 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. abrdn plc grew its stake in Samsara by 11.6% during the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock worth $210,000 after buying an additional 498 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Samsara by 7.3% during the 4th quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock valued at $373,000 after buying an additional 579 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

IOT stock traded down $0.36 during trading on Wednesday, hitting $38.88. The stock had a trading volume of 922,414 shares, compared to its average volume of 3,758,080. The company's 50-day moving average price is $39.78 and its two-hundred day moving average price is $46.26. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The stock has a market capitalization of $22.14 billion, a P/E ratio of -82.72 and a beta of 1.71.

Wall Street Analyst Weigh In

IOT has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a report on Monday, March 10th. Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Piper Sandler cut their target price on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Finally, Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $48.87.

Insider Buying and Selling

In other Samsara news, insider Dominic Phillips sold 20,801 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97. Following the transaction, the insider now directly owns 755,001 shares of the company's stock, valued at $38,482,400.97. This trade represents a 2.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares of the company's stock, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,243,232 shares of company stock worth $49,935,075. 60.04% of the stock is owned by corporate insiders.

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.