Oak Ridge Investments LLC Takes Position in Samsara Inc. (NYSE:IOT)

Oak Ridge Investments LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,452 shares of the company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after acquiring an additional 4,930 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Samsara by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock worth $10,164,000 after purchasing an additional 14,215 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in Samsara by 20.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,591 shares of the company’s stock valued at $627,000 after purchasing an additional 3,130 shares during the last quarter. Hsbc Holdings PLC raised its position in Samsara by 46.4% in the second quarter. Hsbc Holdings PLC now owns 56,231 shares of the company’s stock valued at $1,890,000 after purchasing an additional 17,819 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Samsara by 85.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,030 shares of the company’s stock worth $237,000 after purchasing an additional 3,245 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the subject of a number of research reports. BNP Paribas began coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective for the company. Wells Fargo & Company lifted their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price target 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. Morgan Stanley lifted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Loop Capital raised their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $51.29.

Samsara Price Performance

Shares of NYSE IOT opened at $46.75 on Monday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of -99.48 and a beta of 1.59. The business has a 50-day moving average of $48.40 and a two-hundred day moving average of $44.95.

Insider Buying and Selling

In other news, insider Sanjit Biswas sold 170,416 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the completion of the sale, the insider now owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the completion of the transaction, the director now directly owns 396,079 shares in the company, valued at $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,606,542 shares of company stock worth $77,988,715 over the last 90 days. 60.04% of the stock is owned by insiders.

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.