Samsara Inc. (NYSE:IOT) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in Samsara Inc. (NYSE:IOT) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 57,350 shares of the company’s stock after purchasing an additional 960 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Samsara were worth $2,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares during the period. FMR LLC increased its position in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after acquiring an additional 1,604,822 shares during the period. 1832 Asset Management L.P. raised its stake in Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after acquiring an additional 500,400 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Samsara by 4.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after acquiring an additional 138,702 shares during the period. Finally, State Street Corp boosted its position in Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after acquiring an additional 95,006 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IOT shares. Truist Financial upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI boosted their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. BNP Paribas started coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target for the company. Finally, Piper Sandler boosted their price objective on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.29.

Samsara Trading Down 0.8 %

NYSE IOT opened at $46.08 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The company has a market cap of $25.64 billion, a PE ratio of -98.04 and a beta of 1.53. The stock’s 50-day moving average price is $50.46 and its two-hundred day moving average price is $42.68.

Insider Transactions at Samsara

In other Samsara news, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of Samsara stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $46.44, for a total transaction of $91,858.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjit Biswas sold 75,594 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 120,292 shares of the company’s stock, valued at $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,565,669 shares of company stock valued at $77,896,962 over the last ninety days. Corporate insiders own 60.04% of the company’s stock.

Samsara Company 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.