Samsara Inc. (NYSE:IOT) is Catalyst Private Wealth LLC’s 10th Largest Position

Catalyst Private Wealth LLC trimmed its position in Samsara Inc. (NYSE:IOT) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,878 shares of the company’s stock after selling 2,724 shares during the quarter. Samsara accounts for approximately 2.2% of Catalyst Private Wealth LLC’s portfolio, making the stock its 10th largest holding. Catalyst Private Wealth LLC’s holdings in Samsara were worth $4,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IOT. Miracle Mile Advisors LLC boosted its position in shares of Samsara by 12.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 7,950 shares of the company’s stock worth $347,000 after buying an additional 900 shares during the period. Kieckhefer Group LLC purchased a new position in Samsara in the 4th quarter worth approximately $1,333,000. Wealth Enhancement Advisory Services LLC grew its position in Samsara by 232.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,989 shares of the company’s stock valued at $2,165,000 after acquiring an additional 31,439 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $361,000. Finally, Nordea Investment Management AB boosted its stake in shares of Samsara by 11.9% in the fourth quarter. Nordea Investment Management AB now owns 16,157 shares of the company’s stock valued at $717,000 after purchasing an additional 1,713 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Price Performance

Samsara stock traded down $0.23 during midday trading on Monday, reaching $43.55. The stock had a trading volume of 1,868,610 shares, compared to its average volume of 2,458,917. The firm’s fifty day simple moving average is $48.87 and its two-hundred day simple moving average is $44.64. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of -92.66 and a beta of 1.59.

Insider Buying and Selling at Samsara

In related news, CEO Sanjit Biswas sold 58,739 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79. Following the completion of the transaction, the chief executive officer now owns 617,147 shares of the company’s stock, valued at approximately $31,233,809.67. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 23,960 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the sale, the insider now directly owns 331,106 shares in the company, valued at $14,505,753.86. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,281,473 shares of company stock worth $64,015,165 over the last 90 days. Insiders own 60.04% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the subject of several research analyst reports. Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Morgan Stanley increased their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. TD Cowen boosted their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada increased their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.29.

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.