Annis Gardner Whiting Capital Advisors LLC Invests $110,000 in Samsara Inc. (NYSE:IOT)

Annis Gardner Whiting Capital Advisors LLC purchased a new position in Samsara Inc. (NYSE:IOT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,515 shares of the company’s stock, valued at approximately $110,000.

Several other large investors also recently added to or reduced their stakes in IOT. Jones Financial Companies Lllp purchased a new position in shares of Samsara in the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC purchased a new position in Samsara during the third quarter worth $34,000. IFP Advisors Inc increased its position in Samsara by 290.3% during the fourth 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 last quarter. Continuum Advisory LLC raised its stake 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. Finally, National Bank of Canada FI bought a new stake in shares of Samsara in the 4th quarter worth about $45,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 107,152 shares of the firm’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 sale, the insider now owns 138,000 shares of the company’s stock, valued at $7,055,940. This trade represents a 43.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now directly owns 1,571,848 shares in the company, valued at $87,630,526. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,628,453 shares of company stock worth $71,145,841 over the last quarter. Insiders own 60.04% of the company’s stock.

Samsara Trading Down 1.8 %

Shares of NYSE:IOT opened at $33.51 on Friday. The company has a market capitalization of $18.81 billion, a PE ratio of -71.30 and a beta of 1.63. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The business’s fifty day simple moving average is $46.30 and its 200-day simple moving average is $47.67.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of recent analyst reports. Truist Financial reduced their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada decreased their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Raymond James began coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company. Finally, 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 report on Monday, March 10th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara 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.