Avior Wealth Management LLC Decreases Stock Position in Samsara Inc. (NYSE:IOT)

Avior Wealth Management LLC trimmed its position in shares of Samsara Inc. (NYSE:IOT) by 7.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,391 shares of the company’s stock after selling 979 shares during the quarter. Avior Wealth Management LLC’s holdings in Samsara were worth $498,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in Samsara during the 3rd quarter valued at about $34,000. Nemes Rush Group LLC purchased a new position in shares of Samsara during the second quarter valued at approximately $45,000. Continuum Advisory LLC grew its stake in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Samsara by 250.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price target on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. BNP Paribas initiated coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, TD Cowen lifted their price target on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.29.

Samsara Price Performance

Shares of IOT stock opened at $48.18 on Friday. The stock’s 50-day moving average is $47.99 and its 200 day moving average is $45.29. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The company has a market cap of $27.04 billion, a P/E ratio of -102.51 and a beta of 1.59.

Insider Activity

In other news, CEO Sanjit Biswas sold 42,994 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70. Following the completion of the sale, the chief executive officer now owns 440,892 shares in the company, valued at approximately $21,405,306.60. This represents a 8.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,656,381 shares of company stock worth $80,285,162. Corporate insiders own 60.04% of the company’s stock.

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.