Victory Capital Management Inc. Has $3.34 Million Stake in Samsara Inc. (NYSE:IOT)

Victory Capital Management Inc. boosted its holdings in Samsara Inc. (NYSE:IOT) by 12.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,442 shares of the company’s stock after purchasing an additional 8,591 shares during the quarter. Victory Capital Management Inc.’s holdings in Samsara were worth $3,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in Samsara in the 4th quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new stake in Samsara in the 3rd quarter worth about $34,000. IFP Advisors Inc raised its position in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after buying an additional 598 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

IOT opened at $37.91 on Monday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of -80.67 and a beta of 1.63. The company’s 50 day moving average price is $48.26 and its two-hundred day moving average price is $48.19.

Insiders Place Their Bets

In other news, insider Adam Eltoukhy sold 23,960 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the sale, the insider now directly owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. Insiders have sold 1,520,643 shares of company stock valued at $67,197,394 in the last ninety days. 60.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IOT has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the company 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 report on Friday, December 6th. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a research report on Monday, March 10th. Finally, BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Samsara 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.