Slow Capital Inc. Has $5.73 Million Holdings in Samsara Inc. (NYSE:IOT)

Slow Capital Inc. lifted its stake in Samsara Inc. (NYSE:IOT) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,115 shares of the company’s stock after acquiring an additional 7,229 shares during the period. Samsara makes up 0.8% of Slow Capital Inc.’s portfolio, making the stock its 26th largest holding. Slow Capital Inc.’s holdings in Samsara were worth $5,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after acquiring an additional 95,006 shares during the period. HighTower Advisors LLC grew its position in Samsara by 193.4% in the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares during the period. Swiss National Bank raised its stake in Samsara by 3.1% during the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after acquiring an additional 18,400 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of 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 period. Finally, Bank of Montreal Can acquired a new stake in shares of Samsara in the 2nd quarter valued at $537,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 170,416 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the completion of the transaction, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 9,307 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the sale, the insider now owns 396,784 shares in the company, valued at $19,660,647.20. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,570,445 shares of company stock worth $76,112,970 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Samsara Trading Up 2.4 %

NYSE IOT opened at $49.33 on Tuesday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The company has a market capitalization of $27.68 billion, a PE ratio of -104.95 and a beta of 1.59. The stock has a 50-day simple moving average of $47.99 and a 200 day simple moving average of $45.43.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Piper Sandler lifted their price objective on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, BNP Paribas initiated coverage on Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.29.

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.