Sei Investments Co. Has $9.68 Million Stock Position in Samsara Inc. (NYSE:IOT)

Sei Investments Co. reduced its holdings in shares of Samsara Inc. (NYSE:IOT) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,536 shares of the company’s stock after selling 133,190 shares during the quarter. Sei Investments Co.’s holdings in Samsara were worth $9,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Samsara during the 4th quarter worth approximately $431,000. State Street Corp lifted its stake in Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after acquiring an additional 40,833 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after acquiring an additional 47,911 shares in the last quarter. Finally, Amundi raised its holdings in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after purchasing an additional 547,390 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Stock Performance

NYSE:IOT opened at $38.87 on Monday. The business’s fifty day moving average is $47.39 and its 200 day moving average is $48.05. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of -82.71 and a beta of 1.63. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IOT. Wells Fargo & Company reduced their price objective on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Berenberg Bank initiated coverage on Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Finally, Truist Financial cut their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 13,086 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50. Following the sale, the insider now owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’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 sold 1,607,296 shares of company stock valued at $70,334,047 in the last quarter. 60.04% of the stock is currently owned by corporate insiders.

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.