Teachers Retirement System of The State of Kentucky Has $7.21 Million Stock Position in Samsara Inc. (NYSE:IOT)

Teachers Retirement System of The State of Kentucky lifted its stake in Samsara Inc. (NYSE:IOT) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,789 shares of the company’s stock after buying an additional 3,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Samsara were worth $7,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Resources Management Corp CT ADV grew its position in Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. National Bank of Canada FI bought a new stake in shares of Samsara in the 2nd quarter worth about $38,000. Nemes Rush Group LLC acquired a new stake in shares of Samsara during the 2nd quarter worth about $45,000. Continuum Advisory LLC lifted its holdings in 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. boosted its position in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at Samsara

In other news, insider Dominic Phillips sold 66,642 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.88, for a total transaction of $3,057,534.96. Following the completion of the transaction, the insider now directly owns 882,664 shares in the company, valued at approximately $40,496,624.32. The trade was a 7.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Chadwick sold 12,206 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $46.54, for a total transaction of $568,067.24. Following the completion of the sale, the director now owns 418,579 shares in the company, valued at $19,480,666.66. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,565,669 shares of company stock worth $77,896,962. Insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IOT. Evercore ISI raised their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Piper Sandler raised their price target on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, TD Cowen upped their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.29.

Samsara Stock Performance

Shares of NYSE IOT opened at $46.44 on Friday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The company’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $42.60.

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.