Baillie Gifford & Co. Sells 915,003 Shares of Samsara Inc. (NYSE:IOT)

Baillie Gifford & Co. lessened its holdings in Samsara Inc. (NYSE:IOT) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 32,929,387 shares of the company’s stock after selling 915,003 shares during the period. Samsara makes up 1.1% of Baillie Gifford & Co.’s holdings, making the stock its 24th largest holding. Baillie Gifford & Co. owned 0.06% of Samsara worth $1,438,685,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the period. HighTower Advisors LLC raised its stake in Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares during the period. Swiss National Bank raised its stake in Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after acquiring an additional 18,400 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Samsara in the 4th quarter valued at $422,000. Finally, International Assets Investment Management LLC grew its holdings in Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 4.6 %

NYSE:IOT opened at $58.98 on Monday. The stock’s 50-day simple moving average is $47.89 and its 200 day simple moving average is $47.18. The firm has a market capitalization of $33.10 billion, a PE ratio of -125.48 and a beta of 1.61. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $59.04.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IOT. Piper Sandler upped their price objective on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Truist Financial upped their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.67.

Insider Activity at Samsara

In related 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 sale, the insider now directly 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 SEC, which is available through this link. Also, Director Jonathan Chadwick sold 22,500 shares of the firm’s 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 completion of the sale, the director now directly owns 396,079 shares in the company, valued at $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,639,006 shares of company stock valued at $80,609,827 over the last ninety days. 60.04% of the stock is owned by corporate 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.