Blue Trust Inc. Raises Position in Samsara Inc. (NYSE:IOT)

Blue Trust Inc. boosted its holdings in Samsara Inc. (NYSE:IOT) by 11,115.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,290 shares of the company’s stock after purchasing an additional 7,225 shares during the period. Blue Trust Inc.’s holdings in Samsara were worth $351,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in shares of Samsara in the third quarter worth $34,000. Continuum Advisory LLC increased its position in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. UMB Bank n.a. raised its stake in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares during the period. Finally, Private Trust Co. NA grew 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 during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 73,762 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $47.08, for a total transaction of $3,472,714.96. Following the sale, the insider now directly owns 13,231 shares in the company, valued at approximately $622,915.48. This trade represents a 84.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Bicket sold 107,152 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the completion of the transaction, the insider now owns 138,000 shares of the company’s stock, valued at $7,055,940. This represents a 43.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,657,460 shares of company stock valued at $80,657,496. Insiders own 60.04% of the company’s stock.

Samsara Stock Down 1.2 %

Samsara stock opened at $51.38 on Friday. The stock’s 50 day moving average is $47.80 and its 200 day moving average is $45.80. The company has a market capitalization of $28.83 billion, a P/E ratio of -109.31 and a beta of 1.59. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IOT shares. Loop Capital increased their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Craig Hallum started coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.29.

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.