Mariner LLC Increases Stake in Samsara Inc. (NYSE:IOT)

Mariner LLC boosted its stake in Samsara Inc. (NYSE:IOT) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 147,182 shares of the company’s stock after purchasing an additional 4,806 shares during the quarter. Mariner LLC’s holdings in Samsara were worth $6,430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new stake in shares of Samsara during the 4th quarter worth about $31,000. IFP Advisors Inc raised its position in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after purchasing an additional 598 shares during the period. National Bank of Canada FI purchased a new stake in shares of Samsara in the fourth quarter worth about $45,000. UMB Bank n.a. raised its holdings 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 buying an additional 635 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Samsara during the 4th quarter worth approximately $110,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

NYSE:IOT opened at $37.53 on Friday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The business has a 50 day simple moving average of $42.55 and a 200 day simple moving average of $46.76. The firm has a market capitalization of $21.37 billion, a P/E ratio of -79.85 and a beta of 1.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IOT. Raymond James began coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Truist Financial cut their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Craig Hallum restated a “hold” rating on shares of Samsara 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. Finally, Piper Sandler decreased their price target on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.07.

Insider Activity

In other Samsara news, insider Sanjit Biswas sold 73,762 shares of Samsara stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $47.08, for a total transaction of $3,472,714.96. Following the sale, the insider now owns 13,231 shares of the company’s stock, valued at $622,915.48. The trade was a 84.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,264,146 shares of company stock valued at $53,291,272. 60.04% of the stock is currently owned by company 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.