Level Four Advisory Services LLC Acquires Shares of 23,537 Samsara Inc. (NYSE:IOT)

Level Four Advisory Services LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,537 shares of the company’s stock, valued at approximately $464,000.

A number of other large investors also recently modified their holdings of IOT. Baillie Gifford & Co. bought a new position in shares of Samsara in the first quarter valued at $370,994,000. General Atlantic L.P. bought a new position in Samsara in the 1st quarter valued at about $181,957,000. Vanguard Group Inc. boosted its stake in Samsara by 84.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock valued at $92,175,000 after purchasing an additional 3,495,366 shares during the last quarter. Morgan Stanley increased its holdings in Samsara by 4.6% during the 4th quarter. Morgan Stanley now owns 7,326,909 shares of the company’s stock worth $91,073,000 after purchasing an additional 320,468 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Samsara by 5.1% in the third quarter. Alliancebernstein L.P. now owns 4,951,544 shares of the company’s stock worth $59,765,000 after purchasing an additional 239,226 shares during the last quarter. 52.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Samsara

In other news, CEO Sanjit Biswas sold 98,926 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $27.46, for a total transaction of $2,716,507.96. Following the transaction, the chief executive officer now directly owns 972,496 shares of the company’s stock, valued at $26,704,740.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Sanjit Biswas sold 98,926 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $27.46, for a total transaction of $2,716,507.96. Following the completion of the sale, the chief executive officer now owns 972,496 shares in the company, valued at $26,704,740.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Bicket sold 5,754 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $22.94, for a total transaction of $131,996.76. Following the sale, the insider now owns 194,494 shares of the company’s stock, valued at $4,461,692.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,137,321 shares of company stock worth $59,466,906. Insiders own 66.14% of the company’s stock.

Samsara Trading Down 3.1 %

IOT opened at $28.14 on Monday. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -62.53 and a beta of 1.39. The stock has a fifty day simple moving average of $26.92 and a two-hundred day simple moving average of $23.55. Samsara Inc. has a 12-month low of $8.42 and a 12-month high of $32.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IOT shares. BMO Capital Markets increased their price target on Samsara from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, September 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Samsara in a research note on Friday. Piper Sandler boosted their target price on Samsara from $21.00 to $23.00 in a research note on Friday, June 2nd. Morgan Stanley increased their price target on Samsara from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, September 1st. Finally, Truist Financial boosted their price objective on Samsara from $20.00 to $27.00 in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Samsara currently has an average rating of “Hold” and an average target price of $26.80.

Samsara Profile

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.