Blair William & Co. IL Sells 14,999 Shares of Samsara Inc. (NYSE:IOT)

Blair William & Co. IL trimmed its holdings in shares of Samsara Inc. (NYSE:IOT) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 753,156 shares of the company’s stock after selling 14,999 shares during the period. Blair William & Co. IL’s holdings in Samsara were worth $32,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IOT. SBI Securities Co. Ltd. bought a new stake in shares of Samsara in the 4th quarter valued at about $431,000. State Street Corp lifted its position in Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after purchasing an additional 40,833 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Samsara by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock valued at $82,004,000 after purchasing an additional 47,911 shares during the period. Finally, Amundi grew its holdings in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after purchasing an additional 547,390 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares of the company’s stock, valued at approximately $10,934,289.52. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,607,296 shares of company stock worth $70,334,047. 60.04% of the stock is currently owned by company insiders.

Samsara Price Performance

NYSE:IOT opened at $40.66 on Friday. The firm’s 50-day moving average price is $47.55 and its 200-day moving average price is $48.08. The company has a market capitalization of $22.82 billion, a PE ratio of -86.51 and a beta of 1.63. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada lowered their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.