Fortitude Advisory Group L.L.C. Has $893,000 Stock Position in Samsara Inc. (NYSE:IOT)

Fortitude Advisory Group L.L.C. cut its holdings in Samsara Inc. (NYSE:IOT) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,446 shares of the company’s stock after selling 5,529 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Samsara were worth $893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Slow Capital Inc. lifted its position in shares of Samsara by 5.8% during the 4th quarter. Slow Capital Inc. now owns 131,115 shares of the company’s stock valued at $5,728,000 after acquiring an additional 7,229 shares during the period. KBC Group NV raised its holdings in shares of Samsara by 32.9% during the fourth quarter. KBC Group NV now owns 32,221 shares of the company’s stock valued at $1,407,000 after purchasing an additional 7,978 shares during the period. Blue Trust Inc. boosted its position in shares of Samsara by 11,115.4% during the 4th quarter. Blue Trust Inc. now owns 7,290 shares of the company’s stock worth $351,000 after purchasing an additional 7,225 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Samsara by 2.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 38,679 shares of the company’s stock valued at $1,690,000 after buying an additional 802 shares during the period. Finally, Juncture Wealth Strategies LLC increased its position in Samsara by 5.4% in the 4th quarter. Juncture Wealth Strategies LLC now owns 18,250 shares of the company’s stock valued at $797,000 after buying an additional 927 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Truist Financial boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. TD Cowen raised their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Piper Sandler boosted their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised their price target on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.29.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 170,416 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 1,175,569 shares of the company’s stock, valued at $53,253,275.70. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dominic Phillips sold 20,137 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $46.39, for a total value of $934,155.43. Following the transaction, the insider now directly owns 882,664 shares in the company, valued at $40,946,782.96. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,570,445 shares of company stock valued at $76,112,970. 60.04% of the stock is owned by insiders.

Samsara Trading Up 2.4 %

IOT stock opened at $49.33 on Tuesday. The stock has a market cap of $27.68 billion, a P/E ratio of -104.95 and a beta of 1.59. The stock’s fifty day simple moving average is $47.99 and its two-hundred day simple moving average is $45.52. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

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.