Avior Wealth Management LLC Sells 979 Shares of Samsara Inc. (NYSE:IOT)

Avior Wealth Management LLC lowered its position in Samsara Inc. (NYSE:IOT) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,391 shares of the company’s stock after selling 979 shares during the period. Avior Wealth Management LLC’s holdings in Samsara were worth $498,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IOT. Dimensional Fund Advisors LP boosted its position in Samsara by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock worth $10,164,000 after purchasing an additional 14,215 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Samsara in the second quarter worth approximately $8,625,000. Thrivent Financial for Lutherans grew its position in Samsara by 12.2% during the second quarter. Thrivent Financial for Lutherans now owns 43,755 shares of the company’s stock valued at $1,475,000 after buying an additional 4,764 shares during the period. Bank of Montreal Can purchased a new stake in Samsara during the second quarter valued at approximately $537,000. Finally, Xponance Inc. raised its position in Samsara by 26.2% in the second quarter. Xponance Inc. now owns 9,738 shares of the company’s stock worth $328,000 after acquiring an additional 2,024 shares during the period. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 0.4 %

Shares of Samsara stock opened at $48.18 on Friday. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The business has a 50-day moving average price of $47.99 and a 200-day moving average price of $45.29. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of -102.51 and a beta of 1.59.

Insider Buying and Selling at Samsara

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares in the company, valued at $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sanjit Biswas sold 73,762 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $47.08, for a total transaction of $3,472,714.96. Following the completion of the sale, the insider now owns 13,231 shares in the company, valued at approximately $622,915.48. This trade represents a 84.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,656,381 shares of company stock worth $80,285,162 in the last quarter. 60.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IOT has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Finally, Craig Hallum began coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Samsara presently has a consensus rating of “Hold” and an average target price 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.