Barclays PLC grew its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 163.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,066 shares of the company's stock after acquiring an additional 255,532 shares during the quarter. Barclays PLC owned 0.07% of Samsara worth $19,829,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC grew its holdings in shares of 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 purchasing an additional 247 shares during the last quarter. Resources Management Corp CT ADV boosted its position in Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock valued at $32,000 after buying an additional 490 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after buying an additional 418 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Samsara during the second quarter worth $38,000. Finally, Nemes Rush Group LLC bought a new position in shares of Samsara in the 2nd quarter valued at $45,000. Institutional investors own 96.02% of the company's stock.
In other news, Director Jonathan Chadwick sold 12,206 shares of Samsara stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.54, for a total value of $568,067.24. Following the completion of the sale, the director now owns 418,579 shares in the company, valued at $19,480,666.66. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dominic Phillips sold 66,642 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.88, for a total transaction of $3,057,534.96. Following the transaction, the insider now directly owns 882,664 shares in the company, valued at approximately $40,496,624.32. This represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,565,669 shares of company stock worth $77,896,962 in the last 90 days. Corporate insiders own 60.04% of the company's stock.
Shares of IOT opened at $46.08 on Friday. The firm's fifty day simple moving average is $50.46 and its two-hundred day simple moving average is $42.68. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The stock has a market capitalization of $25.64 billion, a P/E ratio of -98.04 and a beta of 1.53.
A number of brokerages recently weighed in on IOT. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. TD Cowen lifted 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 boosted their target price on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Samsara presently has a consensus rating of "Hold" and a consensus price target of $51.29.
Read Our Latest Stock Report on 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.
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