Samsara Inc. (NYSE:IOT) Shares Bought by DnB Asset Management AS

DnB Asset Management AS increased its position in Samsara Inc. (NYSE:IOT) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,613 shares of the company’s stock after acquiring an additional 1,006 shares during the period. DnB Asset Management AS’s holdings in Samsara were worth $1,600,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IOT. SBI Securities Co. Ltd. acquired a new stake in shares of Samsara in the fourth quarter valued at approximately $431,000. State Street Corp increased its position in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the period. HighTower Advisors LLC raised its stake in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Samsara by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after acquiring an additional 47,911 shares during the period. Finally, Amundi grew its stake in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after purchasing an additional 547,390 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Price Performance

Samsara stock opened at $38.73 on Wednesday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm’s 50 day simple moving average is $47.06 and its 200-day simple moving average is $47.93. The company has a market cap of $21.73 billion, a P/E ratio of -82.40 and a beta of 1.63.

Insiders Place Their Bets

In other news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now directly owns 373,579 shares of the company’s stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,607,296 shares of company stock worth $70,334,047. Corporate insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on IOT. Royal Bank of Canada reduced their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their price objective on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Craig Hallum reiterated a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Finally, Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.