Charles Schwab Investment Management Inc. Has $82 Million Holdings in Samsara Inc. (NYSE:IOT)

Charles Schwab Investment Management Inc. lifted its stake in Samsara Inc. (NYSE:IOT) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,876,944 shares of the company’s stock after buying an additional 47,911 shares during the period. Charles Schwab Investment Management Inc. owned about 0.33% of Samsara worth $82,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IOT. Farther Finance Advisors LLC raised its holdings in shares of Samsara by 77.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $91,000 after buying an additional 821 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Samsara by 2.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 78,287 shares of the company’s stock worth $3,767,000 after buying an additional 2,114 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Samsara by 100.4% in the 3rd quarter. Rakuten Securities Inc. now owns 46,903 shares of the company’s stock worth $2,257,000 after buying an additional 23,495 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Samsara by 4.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 376,283 shares of the company’s stock worth $18,107,000 after buying an additional 16,528 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 23,960 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the sale, the insider now owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 145,392 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $44.27, for a total value of $6,436,503.84. Following the sale, the insider now directly owns 120,000 shares in the company, valued at $5,312,400. The trade was a 54.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,257,396 shares of company stock worth $58,904,713 in the last three months. Insiders own 60.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IOT shares. Royal Bank of Canada dropped their target price on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial decreased their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Craig Hallum restated a “hold” rating on shares of Samsara in a research report on Friday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Samsara Stock Down 3.2 %

NYSE:IOT opened at $34.25 on Tuesday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a market capitalization of $19.22 billion, a P/E ratio of -72.86 and a beta of 1.63. The stock’s fifty day simple moving average is $48.83 and its 200-day simple moving average is $48.31.

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.