Samsara Inc. (NYSE:IOT) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its position in Samsara Inc. (NYSE:IOT) by 62.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,658 shares of the company’s stock after acquiring an additional 635 shares during the period. UMB Bank n.a.’s holdings in Samsara were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after purchasing an additional 6,411,178 shares during the period. Lord Abbett & CO. LLC raised its stake in Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after acquiring an additional 1,777,757 shares during the period. FMR LLC lifted its holdings in Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after acquiring an additional 734,619 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Trading Up 0.4 %

Shares of NYSE:IOT opened at $48.18 on Friday. The business has a fifty day simple moving average of $48.02 and a 200 day simple moving average of $45.20. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of -102.51 and a beta of 1.59.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Craig Hallum started 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. Finally, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara presently has an average rating of “Hold” and a consensus target price of $51.29.

Insider Transactions at Samsara

In related news, CEO Sanjit Biswas sold 42,994 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total value of $2,087,358.70. Following the transaction, the chief executive officer now owns 440,892 shares in the company, valued at approximately $21,405,306.60. This represents a 8.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the stock in a transaction 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. Insiders sold 1,656,381 shares of company stock valued at $80,285,162 in the last three months. Corporate 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.