Impact Investors Inc Acquires Shares of 24,049 Samsara Inc. (NYSE:IOT)

Impact Investors Inc bought a new position in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 24,049 shares of the company’s stock, valued at approximately $1,051,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IOT. Hobbs Group Advisors LLC bought a new position in shares of Samsara during the 3rd quarter valued at approximately $34,000. IFP Advisors Inc raised its stake in Samsara by 290.3% in the 4th 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 period. Continuum Advisory LLC lifted its holdings in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. boosted its position in Samsara by 62.1% during the fourth 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 period. Finally, Private Trust Co. NA increased its stake in shares of Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Performance

Shares of IOT opened at $49.96 on Wednesday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm has a 50 day moving average price of $49.05 and a 200-day moving average price of $48.10. The firm has a market cap of $28.04 billion, a price-to-earnings ratio of -106.30 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IOT. Wells Fargo & Company upped their price target on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Royal Bank of Canada boosted their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Loop Capital raised their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Samsara has a consensus rating of “Hold” and a consensus target price of $51.67.

Insider Buying and Selling at Samsara

In related news, insider John Bicket sold 83,091 shares of Samsara stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $53.81, for a total value of $4,471,126.71. Following the transaction, the insider now directly owns 19,200 shares of the company’s stock, valued at $1,033,152. The trade was a 81.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sanjit Biswas sold 83,333 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $53.81, for a total transaction of $4,484,148.73. Following the sale, the insider now directly owns 19,200 shares of the company’s stock, valued at $1,033,152. The trade was a 81.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,292,355 shares of company stock worth $61,771,186 over the last three months. Company insiders own 60.04% of the company’s stock.

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.