Kieckhefer Group LLC Purchases Shares of 30,500 Samsara Inc. (NYSE:IOT)

Kieckhefer Group LLC purchased a new position in Samsara Inc. (NYSE:IOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,500 shares of the company’s stock, valued at approximately $1,333,000. Samsara makes up 0.8% of Kieckhefer Group LLC’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IOT. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Samsara by 232.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,989 shares of the company’s stock valued at $2,165,000 after acquiring an additional 31,439 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of Samsara during the 4th quarter valued at about $361,000. Nordea Investment Management AB grew its stake in shares of Samsara by 11.9% in the 4th quarter. Nordea Investment Management AB now owns 16,157 shares of the company’s stock valued at $717,000 after buying an additional 1,713 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Samsara in the fourth quarter worth approximately $242,000. Finally, Lord Abbett & CO. LLC lifted its stake in Samsara by 1,909.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after acquiring an additional 1,777,757 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Piper Sandler boosted their price target on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.29.

Insiders Place Their Bets

In other news, major shareholder Sanjit Biswas sold 83,333 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $53.81, for a total transaction of $4,484,148.73. Following the completion of the transaction, the insider now directly owns 19,200 shares in the company, valued at approximately $1,033,152. This represents a 81.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00. Following the sale, the director now owns 396,079 shares in the company, valued at $17,970,104.23. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,281,473 shares of company stock worth $64,015,165 in the last 90 days. Company insiders own 60.04% of the company’s stock.

Samsara Stock Performance

Shares of IOT stock traded down $0.53 during midday trading on Monday, hitting $43.25. 537,079 shares of the company were exchanged, compared to its average volume of 2,252,412. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The firm has a market capitalization of $24.27 billion, a P/E ratio of -92.02 and a beta of 1.59. The firm’s 50 day moving average price is $48.87 and its two-hundred day moving average price is $44.64.

About Samsara

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.