Samsara Inc. (NYSE:IOT) Shares Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. lifted its position in shares of Samsara Inc. (NYSE:IOT) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,899 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Samsara were worth $2,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Samsara during the fourth quarter worth approximately $31,000. Hobbs Group Advisors LLC purchased a new position in shares of Samsara during the 3rd quarter valued at approximately $34,000. IFP Advisors Inc grew its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after acquiring an additional 598 shares during the period. Continuum Advisory LLC raised its position in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares during the period. Finally, Private Trust Co. NA raised its position 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 purchasing an additional 250 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of NYSE:IOT opened at $41.74 on Thursday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm’s 50-day moving average is $47.66 and its two-hundred day moving average is $48.13. The firm has a market capitalization of $23.42 billion, a PE ratio of -88.80 and a beta of 1.63.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 59,114 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.25, for a total value of $2,674,908.50. Following the sale, the insider now directly owns 196,678 shares in the company, valued at approximately $8,899,679.50. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the transaction, the insider now directly owns 320,936 shares of the company’s stock, valued at $10,934,289.52. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,513,276 shares of company stock valued at $66,321,273 in the last 90 days. Company insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets upgraded Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Royal Bank of Canada lowered their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a research report on Monday, March 10th. Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Finally, Loop Capital boosted their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.60.

About Samsara

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.