Samsara Inc. (NYSE:IOT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in Samsara Inc. (NYSE:IOT) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 956,545 shares of the company’s stock after selling 652,376 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Samsara were worth $42,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC grew its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. increased its position in shares of Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after buying an additional 635 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after buying an additional 250 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Samsara by 77.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $91,000 after buying an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 4.6 %

Shares of IOT opened at $58.98 on Friday. The firm has a market cap of $33.10 billion, a PE ratio of -125.48 and a beta of 1.61. The company’s fifty day moving average is $47.75 and its two-hundred day moving average is $46.89. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $59.04.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 56,474 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $43.33, for a total value of $2,447,018.42. Following the transaction, the insider now owns 116,257 shares in the company, valued at approximately $5,037,415.81. This trade represents a 32.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 have sold 1,639,006 shares of company stock worth $80,609,827. 60.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IOT. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price target on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Craig Hallum assumed coverage on Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Truist Financial upped their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.67.

Samsara Company 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.