Wealth Enhancement Advisory Services LLC Has $2.17 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Wealth Enhancement Advisory Services LLC raised its position in shares of Samsara Inc. (NYSE:IOT) by 232.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,989 shares of the company’s stock after purchasing an additional 31,439 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Samsara were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares in the last quarter. Private Trust Co. NA grew its position in Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after acquiring an additional 304 shares during the last quarter. Wellington Management Group LLP increased its holdings in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Performance

Shares of IOT stock opened at $44.04 on Wednesday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The stock has a 50 day simple moving average of $48.72 and a two-hundred day simple moving average of $44.79. The company has a market cap of $24.72 billion, a P/E ratio of -93.70 and a beta of 1.59.

Analysts Set New Price Targets

IOT has been the topic of several research reports. JPMorgan Chase & Co. boosted 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. Truist Financial upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.29.

Insider Transactions at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.55, for a total value of $461,161.85. Following the transaction, the insider now owns 396,784 shares in the company, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $47.09, for a total value of $4,520,640.00. Following the sale, the chief executive officer now owns 483,886 shares of the company’s stock, valued at approximately $22,786,191.74. This represents a 16.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,379,652 shares of company stock valued at $67,821,851 in the last quarter. 60.04% of the stock is currently owned by company 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.