Windmill Hill Asset Management Ltd Reduces Holdings in Samsara Inc. (NYSE:IOT)

Windmill Hill Asset Management Ltd reduced its holdings in shares of Samsara Inc. (NYSE:IOT) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,345 shares of the company’s stock after selling 1,434 shares during the quarter. Samsara comprises 0.1% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 26th biggest position. Windmill Hill Asset Management Ltd’s holdings in Samsara were worth $146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in shares of Samsara during the third quarter worth $34,000. Continuum Advisory LLC raised its stake in shares of 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 purchasing an additional 247 shares during the period. UMB Bank n.a. lifted its holdings in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the period. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

IOT has been the subject of several recent analyst reports. Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Craig Hallum assumed coverage on shares of Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. TD Cowen raised their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Berenberg Bank began coverage on shares of Samsara in a report on Monday. They set a “hold” rating and a $57.00 price objective for the company. Finally, Wells Fargo & Company raised their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.67.

Insiders Place Their Bets

In other news, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dominic Phillips sold 20,801 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97. Following the transaction, the insider now owns 755,001 shares in the company, valued at approximately $38,482,400.97. This represents a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,549,936 shares of company stock valued at $75,624,852 in the last quarter. Insiders own 60.04% of the company’s stock.

Samsara Stock Performance

Shares of Samsara stock opened at $54.02 on Friday. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The company’s 50 day moving average price is $47.67 and its 200-day moving average price is $46.26. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of -114.94 and a beta of 1.61.

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.