Perpetual Ltd Invests $314,000 in Samsara Inc. (NYSE:IOT)

Perpetual Ltd acquired a new position in Samsara Inc. (NYSE:IOT) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,196 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Samsara by 193.4% in the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares in the last quarter. Swiss National Bank lifted its position in shares of Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Samsara in the second quarter worth $537,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In other news, CEO Sanjit Biswas sold 42,994 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total value of $2,087,358.70. Following the completion of the sale, the chief executive officer now owns 440,892 shares of the company’s stock, valued at approximately $21,405,306.60. The trade was a 8.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total transaction of $5,160,489.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,656,381 shares of company stock valued at $80,285,162. 60.04% of the stock is owned by company insiders.

Samsara Stock Performance

Shares of Samsara stock opened at $47.94 on Friday. The firm has a 50-day moving average of $48.08 and a 200-day moving average of $45.19. The stock has a market cap of $26.91 billion, a PE ratio of -102.00 and a beta of 1.59. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51.

Analysts Set New Price Targets

IOT has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BNP Paribas began coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, TD Cowen boosted their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Nine investment 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 presently has an average 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.