Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in Samsara Inc. (NYSE:IOT)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Samsara Inc. (NYSE:IOT) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,000 shares of the company’s stock after selling 160,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Samsara were worth $4,673,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IOT. Fred Alger Management LLC acquired a new position in Samsara during the third quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Samsara during the 4th quarter worth $37,000. Montag A & Associates Inc. raised its position in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares during the period. Tradition Wealth Management LLC purchased a new position in shares of Samsara in the 4th quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

Samsara Trading Up 4.8 %

IOT opened at $29.63 on Wednesday. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $42.28. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of -59.26 and a beta of 1.52. The company has a fifty day simple moving average of $35.12 and a 200 day simple moving average of $34.47.

Analyst Ratings Changes

IOT has been the subject of several research analyst reports. BMO Capital Markets restated a “market perform” rating and set a $40.00 price target on shares of Samsara in a research note on Tuesday, June 11th. Loop Capital started coverage on shares of Samsara in a research report on Thursday, April 18th. They set a “buy” rating and a $42.00 target price for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Evercore ISI dropped their price objective on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Friday, June 7th. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 target price (down previously from $41.00) on shares of Samsara in a research note on Friday, June 7th. Six research analysts have rated the stock with a hold rating and five 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 an average price target of $35.64.

Insider Buying and Selling at Samsara

In other news, insider Lara Caimi sold 19,379 shares of Samsara stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $37.26, for a total transaction of $722,061.54. Following the sale, the insider now directly owns 1,216,368 shares of the company’s stock, valued at $45,321,871.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Lara Caimi sold 19,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $37.26, for a total transaction of $722,061.54. Following the completion of the sale, the insider now owns 1,216,368 shares of the company’s stock, valued at $45,321,871.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dominic Phillips sold 21,690 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $36.49, for a total transaction of $791,468.10. Following the completion of the sale, the insider now directly owns 1,137,252 shares in the company, valued at $41,498,325.48. The disclosure for this sale can be found here. Insiders sold a total of 1,815,405 shares of company stock valued at $63,143,918 in the last ninety days. Insiders own 60.04% of the company’s stock.

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.