Samsara Inc. (NYSE:IOT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Samsara Inc. (NYSE:IOT) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,900 shares of the company’s stock after buying an additional 1,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Samsara were worth $738,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new position in Samsara during the 3rd quarter worth about $34,000. IFP Advisors Inc lifted its stake in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after acquiring an additional 598 shares in the last quarter. Continuum Advisory LLC lifted its stake in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial decreased their target price on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research note on Monday, March 10th. Morgan Stanley upped their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Wells Fargo & Company cut their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Loop Capital upped their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the transaction, the insider now owns 320,936 shares of the company’s stock, valued at $10,934,289.52. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 1,585,272 shares of company stock valued at $70,167,096 over the last quarter. Company insiders own 60.04% of the company’s stock.

Samsara Stock Performance

IOT opened at $37.91 on Friday. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company has a market cap of $21.28 billion, a P/E ratio of -80.67 and a beta of 1.63. The business’s 50-day simple moving average is $48.26 and its 200-day simple moving average is $48.14.

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.