Samsara Inc. (NYSE:IOT) Shares Sold by WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST trimmed its holdings in shares of Samsara Inc. (NYSE:IOT) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,877 shares of the company’s stock after selling 432,553 shares during the quarter. Samsara makes up approximately 0.2% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s investment portfolio, making the stock its 21st largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings in Samsara were worth $18,607,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IOT. Baillie Gifford & Co. grew its holdings in Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after purchasing an additional 1,777,757 shares during the last quarter. FMR LLC lifted its stake in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Samsara by 84.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after purchasing an additional 734,619 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Samsara by 55.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sanjit Biswas sold 58,739 shares of Samsara stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79. Following the completion of the transaction, the chief executive officer now directly owns 617,147 shares of the company’s stock, valued at approximately $31,233,809.67. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 9,308 shares of Samsara stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the transaction, the insider now directly owns 396,784 shares of the company’s stock, valued at approximately $20,093,141.76. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,281,473 shares of company stock valued at $64,015,165 in the last three months. 60.04% of the stock is currently owned by company insiders.

Samsara Price Performance

IOT opened at $43.27 on Monday. The business has a 50 day simple moving average of $48.87 and a 200-day simple moving average of $44.64. The stock has a market capitalization of $24.28 billion, a P/E ratio of -92.06 and a beta of 1.59. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley increased their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. BNP Paribas assumed coverage on Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective on the stock. Finally, Piper Sandler increased their price objective on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.29.

Samsara 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.