Royal Fund Management LLC Sells 1,500 Shares of Samsara Inc. (NYSE:IOT)

Royal Fund Management LLC trimmed its holdings in Samsara Inc. (NYSE:IOT) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the company’s stock after selling 1,500 shares during the quarter. Royal Fund Management LLC’s holdings in Samsara were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of IOT. Hobbs Group Advisors LLC bought a new position in shares of Samsara during the third quarter valued at approximately $34,000. Continuum Advisory LLC increased its position in Samsara by 39.1% during 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. Resources Management Corp CT ADV raised its stake in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after buying an additional 490 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 418 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in shares of Samsara in the second quarter worth $45,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Up 0.6 %

Shares of NYSE:IOT opened at $47.17 on Wednesday. The stock has a market capitalization of $26.47 billion, a PE ratio of -100.35 and a beta of 1.59. The firm’s 50 day moving average price is $48.28 and its 200-day moving average price is $45.09. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. BMO Capital Markets upped their target price 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. Piper Sandler raised their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. TD Cowen upped their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.29.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 170,416 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares of the company’s stock, valued at $53,253,275.70. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction dated 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 transaction, the director now directly owns 396,079 shares in the company, valued at approximately $17,970,104.23. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,510,542 shares of company stock worth $73,468,075. Company 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.