Lbp Am Sa Buys New Holdings in Samsara Inc. (NYSE:IOT)

Lbp Am Sa bought a new stake in shares of Samsara Inc. (NYSE:IOT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 385,349 shares of the company’s stock, valued at approximately $16,836,000. Lbp Am Sa owned 0.07% of Samsara at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Samsara by 15.6% during the 3rd 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 during the period. Westfield Capital Management Co. LP increased its stake in Samsara by 4.1% in 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 last quarter. Amundi increased its stake in Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after acquiring an additional 547,390 shares during the last quarter. Jordan Park Trust Co LLC bought a new stake in Samsara in the 4th quarter worth approximately $112,041,000. Finally, Geode Capital Management LLC increased its stake in Samsara by 9.5% in the 3rd 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 last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at Samsara

In other news, 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 completion of the transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjit Biswas sold 48,884 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $45.36, for a total value of $2,217,378.24. Following the completion of the transaction, the insider now owns 2,007,964 shares of the company’s stock, valued at approximately $91,081,247.04. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,585,272 shares of company stock worth $70,167,096. 60.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IOT shares. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley boosted 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. Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective for the company. Truist Financial lowered their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Samsara Stock Performance

Samsara stock opened at $37.14 on Friday. The stock has a 50-day moving average of $48.42 and a two-hundred day moving average of $48.12. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The stock has a market cap of $20.84 billion, a PE ratio of -79.02 and a beta of 1.63.

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.