5,714 Shares in Samsara Inc. (NYSE:IOT) Purchased by KRS Capital Management LLC

KRS Capital Management LLC purchased a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,714 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IOT. Rhumbline Advisers raised its position in shares of Samsara by 16.3% in the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after buying an additional 4,930 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Samsara by 116.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 20,316 shares of the company’s stock valued at $700,000 after buying an additional 10,915 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Samsara by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock valued at $10,164,000 after buying an additional 14,215 shares in the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Samsara by 20.2% in the second quarter. Elo Mutual Pension Insurance Co now owns 18,591 shares of the company’s stock valued at $627,000 after buying an additional 3,130 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Samsara by 46.4% in the second quarter. Hsbc Holdings PLC now owns 56,231 shares of the company’s stock valued at $1,890,000 after buying an additional 17,819 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Trading Up 2.0 %

Shares of IOT stock traded up $0.93 during trading on Friday, reaching $46.75. 2,292,458 shares of the company’s stock traded hands, compared to its average volume of 2,715,515. The company has a market capitalization of $26.24 billion, a P/E ratio of -99.48 and a beta of 1.59. The firm’s 50-day moving average is $48.40 and its 200 day moving average is $44.88. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 170,416 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares of the company’s stock, valued at approximately $53,253,275.70. This trade represents a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the transaction, the insider now directly owns 396,784 shares in the company, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,606,542 shares of company stock worth $77,988,715. 60.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IOT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. BNP Paribas initiated coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Piper Sandler lifted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. 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 data from MarketBeat, Samsara 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.