Elo Mutual Pension Insurance Co Decreases Stock Holdings in Samsara Inc. (NYSE:IOT)

Elo Mutual Pension Insurance Co cut its holdings in Samsara Inc. (NYSE:IOT) by 18.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,015 shares of the company’s stock after selling 3,409 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Samsara were worth $656,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after purchasing an additional 863,197 shares during the last quarter. Amundi lifted its holdings in shares of Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after acquiring an additional 547,390 shares during the last quarter. Jordan Park Trust Co LLC purchased a new position in Samsara in the fourth quarter worth about $112,041,000. Geode Capital Management LLC increased its stake in Samsara by 9.5% during the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after acquiring an additional 196,867 shares during the last quarter. Finally, State Street Corp raised its position in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IOT shares. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Raymond James began coverage on Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now directly owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares in the company, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,607,296 shares of company stock valued at $70,334,047 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Samsara Stock Down 4.4 %

NYSE:IOT opened at $38.87 on Monday. The firm has a 50 day moving average of $47.39 and a 200 day moving average of $48.05. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of -82.71 and a beta of 1.63.

About Samsara

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.