Valliance Asset Management Ltd Invests $1.09 Million in Samsara Inc. (NYSE:IOT)

Valliance Asset Management Ltd acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $1,092,000. Samsara comprises 2.0% of Valliance Asset Management Ltd’s portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently bought and sold shares of IOT. International Assets Investment Management LLC increased its position in Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after acquiring an additional 10,452 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after acquiring an additional 304 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new stake in Samsara during the third quarter valued at $1,291,000. abrdn plc bought a new stake in Samsara during the third quarter valued at about $207,000. Finally, Avitas Wealth Management LLC bought a new stake in Samsara during the third quarter valued at about $245,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Trading Down 3.5 %

Shares of Samsara stock opened at $52.73 on Friday. The stock has a 50 day moving average of $48.92 and a 200 day moving average of $47.84. 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 $29.59 billion, a PE ratio of -112.19 and a beta of 1.61.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada boosted their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.67.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 75,600 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the sale, the insider now directly owns 400,020 shares in the company, valued at $22,357,117.80. This represents a 15.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sanjit Biswas sold 75,594 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,224,948.66. Following the sale, the chief executive officer now owns 120,292 shares in the company, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,530,506 shares of company stock valued at $75,086,182. 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.