Stifel Financial Corp Sells 1,893 Shares of Samsara Inc. (NYSE:IOT)

Stifel Financial Corp cut its position in shares of Samsara Inc. (NYSE:IOT) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,319 shares of the company’s stock after selling 1,893 shares during the period. Stifel Financial Corp’s holdings in Samsara were worth $1,026,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after buying an additional 40,833 shares during the period. Swiss National Bank increased its stake in Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after acquiring an additional 18,400 shares during the period. International Assets Investment Management LLC raised its position in Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares in the last quarter. Bank of Montreal Can bought a new position in Samsara during the second quarter worth about $537,000. Finally, Magnetar Financial LLC acquired a new stake in Samsara during the second quarter valued at approximately $1,240,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the subject of several analyst reports. Morgan Stanley raised their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Evercore ISI raised their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus price target of $51.29.

Samsara Stock Up 3.0 %

Samsara stock opened at $45.63 on Tuesday. The business’s 50-day simple moving average is $50.07 and its 200 day simple moving average is $43.09. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of -97.09 and a beta of 1.53. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the transaction, the insider now owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 75,594 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66. Following the transaction, the chief executive officer now owns 120,292 shares of the company’s stock, valued at $6,723,119.88. The trade was a 38.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,389,218 shares of company stock worth $69,403,579. Company 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.