Samsara Inc. (NYSE:IOT) Major Shareholder Parallel Fund Iv L.P. Ah Sells 112,380 Shares

Samsara Inc. (NYSE:IOT) major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Samsara Stock Performance

Shares of Samsara stock traded up $0.97 on Wednesday, reaching $46.40. The stock had a trading volume of 4,564,413 shares, compared to its average volume of 3,583,465. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The business’s 50-day moving average price is $50.46 and its two-hundred day moving average price is $42.55. The stock has a market cap of $25.82 billion, a P/E ratio of -96.66 and a beta of 1.53.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler upped their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. BNP Paribas initiated coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target for the company. Truist Financial upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Finally, TD Cowen lifted their target price on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned 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.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its position in Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares during the period. FMR LLC lifted its stake in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Samsara by 6.6% during the second quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after purchasing an additional 500,400 shares during the period. Westfield Capital Management Co. LP lifted its stake in Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after buying an additional 138,702 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Samsara by 9.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after buying an additional 196,867 shares during the period. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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.