Paragon Capital Management Ltd Has $1.54 Million Holdings in Samsara Inc. (NYSE:IOT)

Paragon Capital Management Ltd grew its position in Samsara Inc. (NYSE:IOT) by 80.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,126 shares of the company’s stock after purchasing an additional 15,703 shares during the period. Samsara comprises about 0.3% of Paragon Capital Management Ltd’s holdings, making the stock its 29th largest position. Paragon Capital Management Ltd’s holdings in Samsara were worth $1,535,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in shares of Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after acquiring an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after acquiring an additional 1,777,757 shares in the last quarter. FMR LLC boosted its stake in shares of Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after acquiring an additional 1,604,822 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Samsara by 84.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after purchasing an additional 734,619 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Price Performance

Shares of NYSE:IOT opened at $45.70 on Thursday. The firm’s 50 day simple moving average is $48.72 and its 200 day simple moving average is $44.79. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The company has a market capitalization of $25.65 billion, a price-to-earnings ratio of -97.23 and a beta of 1.59.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price objective 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. Loop Capital upped their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.29.

Insider Buying and Selling at Samsara

In other news, Director Jonathan Chadwick sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares in the company, valued at $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjit Biswas sold 75,594 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the sale, the chief executive officer now owns 120,292 shares in the company, valued at approximately $6,723,119.88. The trade was a 38.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,436,126 shares of company stock valued at $70,268,870. Company insiders own 60.04% of the company’s stock.

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.