1,031 Shares in Samsara Inc. (NYSE:IOT) Purchased by National Bank of Canada FI

National Bank of Canada FI bought a new stake in Samsara Inc. (NYSE:IOT) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,031 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds also recently bought and sold shares of the stock. GLOBALT Investments LLC GA raised its stake in shares of Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after acquiring an additional 182 shares during the period. CIBC Asset Management Inc increased its holdings in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after purchasing an additional 300 shares during the last quarter. Wellington Management Group LLP raised its position in Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after purchasing an additional 388 shares during the period. abrdn plc lifted its stake in Samsara by 11.6% during the fourth quarter. abrdn plc now owns 4,792 shares of the company’s stock worth $210,000 after purchasing an additional 498 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after buying an additional 598 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 0.8 %

IOT stock opened at $37.70 on Friday. The business has a 50 day moving average price of $44.21 and a 200 day moving average price of $47.08. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of -80.21 and a beta of 1.71. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IOT shares. Berenberg Bank initiated coverage on Samsara in a research note on Monday, February 3rd. They set a “hold” rating and a $57.00 target price on the stock. BMO Capital Markets raised 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 report on Monday, March 10th. Raymond James started coverage on shares of Samsara in a report on Wednesday, February 26th. They issued a “market perform” rating for the company. Piper Sandler cut their target price on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price target on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.20.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50. Following the completion of the sale, the insider now owns 1,571,848 shares in the company, valued at approximately $87,630,526. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,563,113 shares of company stock worth $66,802,508. 60.04% of the stock is currently owned by insiders.

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.