Beacon Investment Advisors LLC Takes $279,000 Position in Samsara Inc. (NYSE:IOT)

Beacon Investment Advisors LLC purchased a new stake in Samsara Inc. (NYSE:IOT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,393 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently made changes to their positions in IOT. SBI Securities Co. Ltd. acquired a new position in Samsara during the 4th quarter worth approximately $431,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after purchasing an additional 47,911 shares in the last quarter. Renaissance Technologies LLC grew its position in Samsara by 30.4% in the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company’s stock valued at $33,392,000 after purchasing an additional 178,102 shares during the period. Vanguard Group Inc. increased its stake in Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after purchasing an additional 863,197 shares in the last quarter. Finally, Amundi grew its holdings in shares of Samsara by 22.2% during the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after buying an additional 547,390 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $34.89, for a total transaction of $5,582,400.00. Following the transaction, the insider now directly owns 108,000 shares of the company’s stock, valued at $3,768,120. The trade was a 59.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the sale, the insider now directly owns 331,106 shares of the company’s stock, valued at $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,264,146 shares of company stock worth $53,291,272 over the last three months. 60.04% of the stock is currently owned by company insiders.

Samsara Trading Down 3.4 %

Shares of IOT opened at $37.53 on Monday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a market cap of $21.37 billion, a price-to-earnings ratio of -79.85 and a beta of 1.71. The business’s fifty day simple moving average is $42.55 and its two-hundred day simple moving average is $46.76.

Analysts Set New Price Targets

Several brokerages recently issued reports on IOT. Truist Financial cut their target price on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a “market perform” rating on the stock. Finally, Berenberg Bank began coverage on shares of Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 target price on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.07.

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.