Catalyst Private Wealth LLC Lowers Holdings in Samsara Inc. (NYSE:IOT)

Catalyst Private Wealth LLC lowered its position in Samsara Inc. (NYSE:IOT) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,878 shares of the company’s stock after selling 2,724 shares during the quarter. Samsara accounts for about 2.2% of Catalyst Private Wealth LLC’s holdings, making the stock its 10th largest position. Catalyst Private Wealth LLC’s holdings in Samsara were worth $4,888,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC raised its holdings in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares in the last quarter. Private Trust Co. NA grew its position in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the period. Assenagon Asset Management S.A. raised its stake in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after acquiring an additional 304 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Samsara by 5.1% during the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after acquiring an additional 388 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IOT. Wells Fargo & Company lifted their price target on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted 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. TD Cowen lifted 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. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.29.

Samsara Stock Performance

IOT traded down $0.23 during midday trading on Monday, reaching $43.55. 1,868,610 shares of the company were exchanged, compared to its average volume of 2,458,917. The stock has a market capitalization of $24.44 billion, a P/E ratio of -92.66 and a beta of 1.59. The stock’s 50-day simple moving average is $48.87 and its 200 day simple moving average is $44.64. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Insider Buying and Selling

In other news, major shareholder Sanjit Biswas sold 83,333 shares of Samsara stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total transaction of $4,484,148.73. Following the transaction, the insider now owns 19,200 shares in the company, valued at $1,033,152. The trade was a 81.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of the business’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 of the company’s stock, valued at $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,281,473 shares of company stock valued at $64,015,165 in the last 90 days. 60.04% of the stock is owned by 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.