Vestcor Inc Has $193,000 Stock Holdings in Samsara Inc. (NYSE:IOT)

Vestcor Inc increased its stake in shares of Samsara Inc. (NYSE:IOT) by 37.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,413 shares of the company’s stock after purchasing an additional 1,193 shares during the quarter. Vestcor Inc’s holdings in Samsara were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IOT. Jones Financial Companies Lllp acquired a new position in Samsara during the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter worth approximately $34,000. IFP Advisors Inc grew its holdings in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after acquiring an additional 598 shares during the last quarter. Continuum Advisory LLC grew its holdings in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after acquiring an additional 635 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the transaction, the insider now directly owns 320,936 shares of the company’s stock, valued at approximately $10,934,289.52. This trade represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 48,884 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the completion of the transaction, the insider now directly owns 2,007,964 shares in the company, valued at $91,081,247.04. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,520,643 shares of company stock valued at $67,197,394 over the last ninety days. 60.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IOT shares. Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average price target of $49.60.

Samsara Stock Down 2.2 %

Shares of NYSE IOT opened at $38.10 on Wednesday. The firm has a market cap of $21.38 billion, a PE ratio of -81.06 and a beta of 1.63. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The company’s fifty day simple moving average is $48.05 and its 200 day simple moving average is $48.15.

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.