4,703 Shares in Samsara Inc. (NYSE:IOT) Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,703 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in IOT. Jones Financial Companies Lllp acquired a new stake in shares of Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter worth about $34,000. IFP Advisors Inc increased its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after purchasing an additional 635 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

Shares of NYSE:IOT opened at $40.26 on Friday. The company has a market capitalization of $22.59 billion, a price-to-earnings ratio of -85.65 and a beta of 1.63. The firm’s 50 day simple moving average is $47.80 and its 200 day simple moving average is $48.09. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Monday, March 10th. Truist Financial decreased their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Loop Capital increased their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, March 7th. Finally, Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the sale, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. Insiders have sold 1,573,317 shares of company stock worth $69,108,479 in the last ninety days. Company insiders own 60.04% of the company’s stock.

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.