Nomura Asset Management Co. Ltd. Increases Stock Position in Samsara Inc. (NYSE:IOT)

Nomura Asset Management Co. Ltd. increased its position in Samsara Inc. (NYSE:IOT) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,350 shares of the company’s stock after buying an additional 960 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Samsara were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV increased its stake in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the last quarter. National Bank of Canada FI acquired a new stake in Samsara during the 2nd quarter worth approximately $38,000. Nemes Rush Group LLC purchased a new position in Samsara in the second quarter valued at approximately $45,000. UMB Bank n.a. lifted its position in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Stock Performance

Shares of Samsara stock opened at $46.08 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The firm’s 50-day simple moving average is $50.46 and its 200-day simple moving average is $42.68. The firm has a market cap of $25.64 billion, a PE ratio of -98.04 and a beta of 1.53.

Analyst Ratings Changes

A number of equities analysts have recently commented on IOT shares. Royal Bank of Canada raised their target price on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Bank of America boosted their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BNP Paribas began coverage on Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Samsara has an average rating of “Hold” and an average target price of $51.29.

Insider Activity at Samsara

In related news, CAO James Andrew Munk sold 13,547 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.88, for a total transaction of $621,536.36. Following the completion of the sale, the chief accounting officer now owns 306,120 shares of the company’s stock, valued at $14,044,785.60. This represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $46.44, for a total transaction of $91,858.32. The disclosure for this sale can be found here. Insiders sold a total of 1,565,669 shares of company stock valued at $77,896,962 over the last three months. 60.04% of the stock is owned by insiders.

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.