Victory Capital Management Inc. Purchases 8,591 Shares of Samsara Inc. (NYSE:IOT)

Victory Capital Management Inc. lifted its stake in shares of Samsara Inc. (NYSE:IOT) by 12.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,442 shares of the company’s stock after acquiring an additional 8,591 shares during the period. Victory Capital Management Inc.’s holdings in Samsara were worth $3,340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IOT. Jones Financial Companies Lllp acquired a new position in shares of Samsara during the 4th quarter valued at $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara during the 3rd quarter valued at $34,000. IFP Advisors Inc lifted its position in shares of Samsara by 290.3% during the 4th 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 period. Continuum Advisory LLC lifted its position 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 acquiring an additional 247 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IOT. Loop Capital boosted their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Truist Financial lowered their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” 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 objective on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Samsara Price Performance

NYSE IOT opened at $37.91 on Monday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -80.67 and a beta of 1.63. The company has a fifty day moving average price of $48.26 and a 200-day moving average price of $48.19.

Insider Activity at Samsara

In related news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares in the company, valued at approximately $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the transaction, the insider now 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 90 days, insiders sold 1,520,643 shares of company stock worth $67,197,394. 60.04% of the stock is owned by company insiders.

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.