Runnymede Capital Advisors Inc. Makes New Investment in Samsara Inc. (NYSE:IOT)

Runnymede Capital Advisors Inc. acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,100 shares of the company’s stock, valued at approximately $441,000.

Several other large investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after purchasing an additional 138,702 shares in the last quarter. Amundi grew its position in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after purchasing an additional 547,390 shares in the last quarter. Jordan Park Trust Co LLC purchased a new stake in shares of Samsara in the fourth quarter valued at approximately $112,041,000. Finally, Geode Capital Management LLC grew its position in Samsara by 9.5% in the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after acquiring an additional 196,867 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Price Performance

Samsara stock opened at $40.26 on Friday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The stock has a market cap of $22.59 billion, a PE ratio of -85.65 and a beta of 1.63. The stock’s fifty day moving average is $47.80 and its two-hundred day moving average is $48.03.

Insiders Place Their Bets

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the transaction, the director now owns 396,079 shares of the company’s stock, valued at approximately $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at approximately $17,839,991.28. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,573,317 shares of company stock valued at $69,108,479. 60.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, March 7th. Piper Sandler upgraded Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday, March 10th. BMO Capital Markets upgraded Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Monday, March 10th. Truist Financial decreased their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, Royal Bank of Canada decreased their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.