Watts Gwilliam & Co. LLC Purchases New Holdings in Samsara Inc. (NYSE:IOT)

Watts Gwilliam & Co. LLC acquired a new position in Samsara Inc. (NYSE:IOT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,400 shares of the company’s stock, valued at approximately $361,000.

Several other institutional investors also recently modified their holdings of IOT. Rhumbline Advisers raised its stake in shares of Samsara by 16.3% in the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,930 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Samsara during the 2nd quarter worth about $38,000. Victory Capital Management Inc. boosted its position in shares of Samsara by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 60,238 shares of the company’s stock valued at $2,030,000 after acquiring an additional 4,511 shares in the last quarter. Quest Partners LLC bought a new stake in Samsara in the second quarter valued at about $136,000. Finally, Andra AP fonden raised its position in Samsara by 51.2% in the second quarter. Andra AP fonden now owns 114,900 shares of the company’s stock worth $3,872,000 after purchasing an additional 38,900 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

IOT stock opened at $44.20 on Friday. The company has a 50 day moving average price of $48.91 and a 200 day moving average price of $44.34. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The stock has a market capitalization of $24.80 billion, a PE ratio of -94.04 and a beta of 1.59.

Insider Activity

In related news, insider Sanjit Biswas sold 59,114 shares of Samsara stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.25, for a total value of $2,674,908.50. Following the completion of the sale, the insider now directly owns 196,678 shares in the company, valued at $8,899,679.50. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 9,308 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at $20,093,141.76. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,281,473 shares of company stock valued at $64,015,165. Company insiders own 60.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IOT shares. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Craig Hallum assumed coverage on Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen upped their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Truist Financial lifted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.29.

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.