APG Asset Management N.V. Acquires New Position in Samsara Inc. (NYSE:IOT)

APG Asset Management N.V. bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,697 shares of the company's stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC purchased a new stake in Samsara during the fourth quarter worth about $112,041,000. Norges Bank acquired a new stake in shares of Samsara during the fourth quarter worth about $106,274,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after purchasing an additional 2,148,081 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock valued at $90,026,000 after buying an additional 1,777,757 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $34.89, for a total transaction of $5,582,400.00. Following the completion of the transaction, the insider now directly owns 108,000 shares in the company, valued at $3,768,120. The trade was a 59.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the sale, 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. Insiders sold 1,506,639 shares of company stock valued at $64,355,489 in the last 90 days. 60.04% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James initiated coverage on Samsara in a report on Wednesday, February 26th. They set a "market perform" rating on the stock. Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Royal Bank of Canada cut their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research report on Monday, March 10th. Finally, Craig Hallum reissued a "hold" 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.

Samsara Price Performance

IOT traded up $1.41 during trading on Tuesday, reaching $38.66. 3,029,192 shares of the stock were exchanged, compared to its average volume of 3,766,536. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of -82.26 and a beta of 1.71. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The business's 50 day moving average price is $43.57 and its two-hundred day moving average price is $46.94.

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.