Swiss National Bank Grows Position in Samsara Inc. (NYSE:IOT)

Swiss National Bank boosted its holdings in Samsara Inc. (NYSE:IOT) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 617,100 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank owned about 0.11% of Samsara worth $26,961,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Samsara in the fourth quarter worth $31,000. Hobbs Group Advisors LLC purchased a new position in shares of Samsara in the third quarter valued at $34,000. IFP Advisors Inc increased its position in shares of Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after buying an additional 598 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Loop Capital increased their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Monday, March 10th. Wells Fargo & Company decreased 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. Finally, JPMorgan Chase & Co. increased their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and an average price target of $49.60.

Samsara Trading Up 2.2 %

Shares of NYSE:IOT opened at $38.89 on Tuesday. The stock’s 50-day moving average price is $48.14 and its two-hundred day moving average price is $48.18. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of -82.75 and a beta of 1.63.

Insider Activity

In other news, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction dated Monday, March 10th. The stock was 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 $10,934,289.52. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The disclosure for this sale can be found here. Insiders have sold 1,520,643 shares of company stock valued at $67,197,394 in the last three months. Corporate insiders own 60.04% of the company’s stock.

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.