Nebula Research & Development LLC Has $993,000 Stock Position in Samsara Inc. (NYSE:IOT)

Nebula Research & Development LLC decreased its position in shares of Samsara Inc. (NYSE:IOT) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,736 shares of the company’s stock after selling 23,940 shares during the quarter. Nebula Research & Development LLC’s holdings in Samsara were worth $993,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Samsara during the 4th quarter worth approximately $431,000. Charles Schwab Investment Management Inc. lifted its stake in Samsara by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after purchasing an additional 47,911 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Samsara by 101.4% in the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company’s stock valued at $5,644,000 after purchasing an additional 65,028 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Samsara by 30.4% in the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company’s stock valued at $33,392,000 after purchasing an additional 178,102 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock worth $916,555,000 after buying an additional 863,197 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the completion of the transaction, the insider now owns 102,000 shares of the company’s stock, valued at $3,566,940. This trade represents a 61.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Bicket sold 107,152 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the sale, the insider now directly owns 138,000 shares in the company, valued at $7,055,940. This trade represents a 43.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,350,384 shares of company stock worth $55,413,757. 60.04% of the stock is currently owned by insiders.

Samsara Trading Up 0.5 %

Shares of IOT stock opened at $39.43 on Friday. The stock has a 50-day moving average of $40.47 and a 200-day moving average of $46.41. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

Analyst Ratings Changes

Several analysts recently weighed in on IOT shares. Piper Sandler reduced their price objective on Samsara from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target 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 objective for the company in a research note on Monday, March 10th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Finally, Royal Bank of Canada dropped their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus target price of $48.87.

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.