Napean Trading & Investment Co Singapore PTE Ltd Sells 16,122 Shares of Samsara Inc. (NYSE:IOT)

Napean Trading & Investment Co Singapore PTE Ltd cut its position in Samsara Inc. (NYSE:IOT) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,561 shares of the company’s stock after selling 16,122 shares during the period. Samsara comprises 1.3% of Napean Trading & Investment Co Singapore PTE Ltd’s portfolio, making the stock its 25th largest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Samsara were worth $5,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Samsara in the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC purchased a new position in shares of Samsara in the third quarter worth $34,000. IFP Advisors Inc lifted its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares in the last quarter. Continuum Advisory LLC boosted its holdings 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 purchasing an additional 247 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after purchasing an additional 635 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Trading Up 1.9 %

IOT opened at $40.26 on Monday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a 50 day moving average of $47.80 and a two-hundred day moving average of $48.16. The firm has a market capitalization of $22.59 billion, a PE ratio of -85.65 and a beta of 1.63.

Insider Activity at Samsara

In other news, insider Dominic Phillips sold 54,134 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.60, for a total transaction of $2,089,572.40. Following the completion of the transaction, the insider now directly owns 638,642 shares of the company’s stock, valued at $24,651,581.20. This represents a 7.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sanjit Biswas sold 13,086 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares of the company’s stock, valued at $87,630,526. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,573,317 shares of company stock worth $69,108,479 over the last three months. Company insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Monday, March 10th. Wells Fargo & Company dropped their price objective on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Berenberg Bank assumed coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. Loop Capital lifted their target price on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

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.