RFG Advisory LLC Grows Position in Samsara Inc. (NYSE:IOT)

RFG Advisory LLC boosted its holdings in Samsara Inc. (NYSE:IOT) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,659 shares of the company’s stock after buying an additional 1,815 shares during the quarter. RFG Advisory LLC’s holdings in Samsara were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hobbs Group Advisors LLC purchased a new position in shares of Samsara during the third quarter valued at approximately $34,000. Continuum Advisory LLC raised its stake in Samsara by 39.1% during the 3rd 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. UMB Bank n.a. lifted its holdings in shares of Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares during the period. Nemes Rush Group LLC bought a new stake in shares of Samsara in the second quarter worth $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 0.4 %

Shares of IOT stock opened at $48.18 on Monday. The company’s fifty day simple moving average is $47.99 and its two-hundred day simple moving average is $45.36. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The stock has a market cap of $27.04 billion, a P/E ratio of -102.51 and a beta of 1.59.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 9,307 shares of Samsara stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.55, for a total value of $461,161.85. Following the completion of the transaction, the insider now owns 396,784 shares in the company, valued at approximately $19,660,647.20. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 42,994 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total value of $2,087,358.70. Following the sale, the chief executive officer now owns 440,892 shares in the company, valued at approximately $21,405,306.60. This trade represents a 8.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,656,381 shares of company stock valued at $80,285,162. 60.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen raised their target price on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. BNP Paribas began coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley lifted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.29.

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.