Samsara Inc. (NYSE:IOT) Position Lessened by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in Samsara Inc. (NYSE:IOT) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 56,670 shares of the company’s stock after selling 680 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Samsara were worth $2,476,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Samsara in the 4th quarter valued at approximately $31,000. Hobbs Group Advisors LLC bought a new stake in Samsara in the third quarter worth approximately $34,000. IFP Advisors Inc increased its stake in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after purchasing an additional 635 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Stock Performance

NYSE IOT opened at $38.09 on Thursday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The stock has a market cap of $21.38 billion, a P/E ratio of -81.04 and a beta of 1.63. The stock has a 50 day simple moving average of $46.86 and a two-hundred day simple moving average of $47.86.

Insider Buying and Selling at Samsara

In other news, Director Jonathan Chadwick sold 22,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the transaction, the director now directly owns 373,579 shares of the company’s stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the sale, the insider now owns 320,936 shares of the company’s stock, valued at approximately $10,934,289.52. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,628,453 shares of company stock valued at $71,145,841. 60.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on IOT shares. Wells Fargo & Company lowered 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. BMO Capital Markets upgraded shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Monday, March 10th. Piper Sandler upgraded Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. increased their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Raymond James assumed coverage on shares of Samsara in a report on Wednesday, February 26th. They issued a “market perform” rating for the company. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Samsara presently has an average 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.