Samsara Inc. (NYSE:IOT) Shares Purchased by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC raised its stake in Samsara Inc. (NYSE:IOT) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,550 shares of the company’s stock after acquiring an additional 4,890 shares during the period. Capstone Wealth Management Group LLC’s holdings in Samsara were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Resources Management Corp CT ADV raised its holdings 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 purchasing an additional 490 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in Samsara during the third quarter worth about $34,000. Nemes Rush Group LLC purchased a new position in Samsara during the second quarter worth about $45,000. Continuum Advisory LLC raised its holdings in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in 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 purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum initiated coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price for the company. TD Cowen increased their target price on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, BNP Paribas began coverage on shares of Samsara in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Samsara has an average rating of “Hold” and an average price target of $51.29.

Samsara Price Performance

Samsara stock opened at $44.04 on Wednesday. The company has a market capitalization of $24.72 billion, a price-to-earnings ratio of -93.70 and a beta of 1.59. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The firm’s fifty day moving average price is $48.72 and its 200 day moving average price is $44.79.

Insiders Place Their Bets

In related news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 396,079 shares of the company’s stock, valued at $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjit Biswas sold 42,994 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total transaction of $2,087,358.70. Following the sale, the chief executive officer now directly owns 440,892 shares of the company’s stock, valued at approximately $21,405,306.60. This represents a 8.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,379,652 shares of company stock valued at $67,821,851 in the last ninety days. Corporate insiders own 60.04% of the company’s stock.

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.