Virtu Financial LLC Takes Position in Samsara Inc. (NYSE:IOT)

Virtu Financial LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 35,094 shares of the company’s stock, valued at approximately $1,689,000.

Several other hedge funds have also recently bought and sold shares of IOT. Baillie Gifford & Co. increased its position in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after acquiring an additional 6,411,178 shares in the last quarter. FMR LLC increased its holdings in 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 in the last quarter. 1832 Asset Management L.P. increased its holdings in Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after purchasing an additional 500,400 shares in the last quarter. Westfield Capital Management Co. LP raised its position 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 purchasing an additional 138,702 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Samsara by 9.5% in the third 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. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the topic of several analyst reports. BNP Paribas started coverage on Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Truist Financial lifted 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. TD Cowen upped 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. Evercore ISI lifted their price target on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. Finally, Piper Sandler upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.29.

Insider Buying and Selling at Samsara

In other Samsara news, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.44, for a total transaction of $91,858.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Chadwick sold 12,206 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.54, for a total transaction of $568,067.24. Following the completion of the transaction, the director now owns 418,579 shares in the company, valued at approximately $19,480,666.66. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,565,669 shares of company stock worth $77,896,962 over the last quarter. 60.04% of the stock is owned by corporate insiders.

Samsara Stock Performance

Shares of Samsara stock opened at $46.44 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 $50.49 and its 200-day simple moving average is $42.60.

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.