Samsara Inc. (NYSE:IOT) Shares Sold by Adero Partners LLC

Adero Partners LLC lowered its stake in shares of Samsara Inc. (NYSE:IOT) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,662 shares of the company’s stock after selling 1,529 shares during the period. Adero Partners LLC’s holdings in Samsara were worth $335,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in Samsara in the third quarter valued at approximately $34,000. Continuum Advisory LLC lifted its stake in shares of 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 period. UMB Bank n.a. boosted its holdings in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after buying an additional 1,000 shares during the period. Finally, Private Trust Co. NA increased its holdings in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Trading Up 2.7 %

Samsara stock opened at $53.99 on Thursday. The stock has a market cap of $30.30 billion, a P/E ratio of -114.88 and a beta of 1.61. The company has a 50-day moving average price of $47.66 and a 200 day moving average price of $46.20. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 9,307 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at approximately $19,660,647.20. This trade represents a 2.29 % 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, CEO Sanjit Biswas sold 75,594 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the transaction, the chief executive officer now directly owns 120,292 shares of the company’s stock, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,549,936 shares of company stock worth $75,624,852 in the last 90 days. Insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada boosted their target price on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Ten equities 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 currently has a consensus rating of “Hold” and a consensus target price of $51.67.

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.