Motley Fool Asset Management LLC Has $530,000 Stock Holdings in Samsara Inc. (NYSE:IOT)

Motley Fool Asset Management LLC lifted its position in Samsara Inc. (NYSE:IOT) by 14.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,142 shares of the company’s stock after purchasing an additional 1,554 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Samsara were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Samsara by 14.1% during the third quarter. The Manufacturers Life Insurance Company now owns 47,723 shares of the company’s stock worth $2,296,000 after buying an additional 5,897 shares during the last quarter. Captrust Financial Advisors grew its position in Samsara by 16.7% during the 3rd quarter. Captrust Financial Advisors now owns 10,240 shares of the company’s stock worth $493,000 after acquiring an additional 1,463 shares during the last quarter. Verition Fund Management LLC grew its position in Samsara by 366.8% during the 3rd quarter. Verition Fund Management LLC now owns 57,292 shares of the company’s stock worth $2,757,000 after acquiring an additional 45,018 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in Samsara during the 3rd quarter valued at $312,000. Finally, HighTower Advisors LLC raised its position in Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after purchasing an additional 40,833 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In other news, insider Dominic Phillips sold 21,157 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $38.37, for a total value of $811,794.09. Following the completion of the transaction, the insider now owns 638,642 shares of the company’s stock, valued at $24,504,693.54. The trade was a 3.21 % decrease in their position. The sale was disclosed in a 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 stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the sale, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,628,453 shares of company stock valued at $71,145,841 in the last ninety days. 60.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IOT. JPMorgan Chase & Co. raised their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Berenberg Bank assumed coverage on shares of Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Truist Financial decreased their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Trading Down 10.0 %

NYSE:IOT opened at $34.22 on Friday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of -72.80 and a beta of 1.63. The business’s 50-day moving average price is $46.59 and its two-hundred day moving average price is $47.76.

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.