Juncture Wealth Strategies LLC Increases Position in Samsara Inc. (NYSE:IOT)

Juncture Wealth Strategies LLC increased its position in Samsara Inc. (NYSE:IOT) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,250 shares of the company’s stock after acquiring an additional 927 shares during the period. Juncture Wealth Strategies LLC’s holdings in Samsara were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IOT. State Street Corp raised its holdings in shares of Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after buying an additional 40,833 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after buying an additional 18,400 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after buying an additional 10,452 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Samsara during the second quarter worth about $537,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at Samsara

In other Samsara news, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the sale, the insider now owns 331,106 shares in the company, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sanjit Biswas sold 83,333 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total value of $4,484,148.73. Following the transaction, the insider now owns 19,200 shares in the company, valued at approximately $1,033,152. This represents a 81.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,656,381 shares of company stock valued at $80,285,162. 60.04% of the stock is owned by insiders.

Samsara Price Performance

NYSE IOT opened at $48.18 on Friday. The stock’s 50 day simple moving average is $47.99 and its 200-day simple moving average is $45.29. The company has a market cap of $27.04 billion, a PE ratio of -102.51 and a beta of 1.59. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BNP Paribas assumed coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Loop Capital lifted their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Sandler increased their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus target price of $51.29.

About Samsara

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.