Samsara Inc. (NYSE:IOT) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in Samsara Inc. (NYSE:IOT) by 51.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,388 shares of the company’s stock after selling 15,000 shares during the period. Korea Investment CORP’s holdings in Samsara were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp acquired a new position in Samsara in the fourth quarter valued at about $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the 3rd quarter worth approximately $34,000. IFP Advisors Inc boosted its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares during the period. Continuum Advisory LLC increased its holdings in Samsara by 39.1% in 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. raised its position in Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after purchasing an additional 635 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of research reports. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Monday, March 10th. Truist Financial dropped their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Loop Capital raised their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada cut their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target 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. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Stock Performance

IOT opened at $38.73 on Wednesday. The business’s 50-day simple moving average is $47.06 and its 200-day simple moving average is $47.93. The company has a market cap of $21.73 billion, a P/E ratio of -82.40 and a beta of 1.63. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the company’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 completion of the transaction, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 196,678 shares in the company, valued at $8,899,679.50. This trade represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,607,296 shares of company stock worth $70,334,047 over the last three months. Insiders own 60.04% of the company’s stock.

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.