Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Samsara Inc. (NYSE:IOT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Samsara Inc. (NYSE:IOT) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,679 shares of the company’s stock after acquiring an additional 802 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Samsara were worth $1,690,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in Samsara during the 3rd quarter worth approximately $34,000. Continuum Advisory LLC increased its position in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares during the period. Nemes Rush Group LLC purchased a new stake in Samsara during the 2nd quarter worth $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Up 2.4 %

Shares of Samsara stock opened at $49.33 on Tuesday. The business has a 50-day moving average price of $47.99 and a 200 day moving average price of $45.43. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The firm has a market cap of $27.68 billion, a P/E ratio of -104.95 and a beta of 1.59.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 56,474 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the transaction, the insider now directly owns 116,257 shares in the company, valued at $5,037,415.81. This trade represents a 32.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dominic Phillips sold 20,137 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $46.39, for a total transaction of $934,155.43. Following the sale, the insider now owns 882,664 shares of the company’s stock, valued at approximately $40,946,782.96. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,570,445 shares of company stock worth $76,112,970. 60.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IOT. Royal Bank of Canada boosted their price objective on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Craig Hallum assumed coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Truist Financial increased their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. BNP Paribas began coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.