Arkadios Wealth Advisors Has $1.59 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Arkadios Wealth Advisors increased its position in Samsara Inc. (NYSE:IOT) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,350 shares of the company’s stock after buying an additional 10,000 shares during the period. Arkadios Wealth Advisors’ holdings in Samsara were worth $1,588,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IOT. Baillie Gifford & Co. grew its stake in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after buying an additional 1,777,757 shares during the period. FMR LLC grew its stake in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after buying an additional 1,604,822 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Samsara by 84.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after acquiring an additional 734,619 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Samsara by 55.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after acquiring an additional 650,982 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 9,307 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.55, for a total value of $461,161.85. Following the completion of the transaction, the insider now directly owns 396,784 shares in the company, valued at approximately $19,660,647.20. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dominic Phillips sold 20,137 shares of Samsara stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $46.39, for a total value of $934,155.43. Following the sale, the insider now directly owns 882,664 shares of the company’s stock, valued at approximately $40,946,782.96. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,606,542 shares of company stock worth $77,988,715 in the last quarter. Insiders own 60.04% of the company’s stock.

Samsara Stock Up 2.0 %

Shares of IOT stock opened at $46.75 on Friday. The company has a 50 day moving average of $48.40 and a 200-day moving average of $44.88. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The firm has a market cap of $26.24 billion, a P/E ratio of -99.48 and a beta of 1.59.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IOT. Craig Hallum began coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Morgan Stanley raised their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Loop Capital raised their price target 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. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Samsara has an average rating of “Hold” and an average target price of $51.29.

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.