Central Pacific Bank Trust Division Sells 1,152 Shares of Samsara Inc. (NYSE:IOT)

Central Pacific Bank Trust Division lessened its holdings in shares of Samsara Inc. (NYSE:IOT) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,227 shares of the company’s stock after selling 1,152 shares during the period. Central Pacific Bank Trust Division’s holdings in Samsara were worth $578,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Resources Management Corp CT ADV increased its position in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter worth approximately $34,000. National Bank of Canada FI purchased a new stake in shares of Samsara in the second quarter worth approximately $38,000. Nemes Rush Group LLC bought a new position in shares of Samsara in the second quarter valued at approximately $45,000. Finally, Continuum Advisory LLC boosted its position in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 48,884 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the sale, the insider now directly owns 2,007,964 shares in the company, valued at approximately $91,081,247.04. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $19,839,200. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,335,355 shares of company stock worth $66,750,265. 60.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on IOT. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Evercore ISI raised their price target on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. BMO Capital Markets upped their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Craig Hallum initiated coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock. Finally, Loop Capital upped their target price on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.29.

Samsara Stock Up 4.4 %

NYSE IOT opened at $45.91 on Friday. The company has a market cap of $25.76 billion, a PE ratio of -97.68 and a beta of 1.53. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The firm’s 50-day simple moving average is $49.26 and its two-hundred day simple moving average is $43.94.

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.