9,651 Shares in Samsara Inc. (NYSE:IOT) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,651 shares of the company's stock, valued at approximately $422,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in shares of Samsara during the 2nd quarter worth $537,000. SG Americas Securities LLC acquired a new stake in Samsara during the 3rd quarter worth $526,000. Handelsbanken Fonder AB raised its stake in Samsara by 17.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 47,000 shares of the company's stock worth $2,262,000 after acquiring an additional 7,100 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Samsara during the 3rd quarter worth $339,000. Finally, UMB Bank n.a. raised its stake in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Up 1.1 %

Shares of Samsara stock traded up $0.58 on Friday, hitting $54.60. The company's stock had a trading volume of 3,283,462 shares, compared to its average volume of 2,405,116. The firm has a fifty day moving average price of $47.69 and a 200-day moving average price of $46.38. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The company has a market capitalization of $30.64 billion, a P/E ratio of -116.17 and a beta of 1.61.

Insider Activity

In other Samsara news, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the transaction, the insider now owns 396,784 shares of the company's stock, valued at $19,660,647.20. This represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sanjit Biswas sold 96,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $50.37, for a total value of $4,835,520.00. Following the sale, the chief executive officer now owns 195,886 shares of the company's stock, valued at $9,866,777.82. This represents a 32.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,549,936 shares of company stock worth $75,624,852 over the last ninety days. 60.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on IOT. Morgan Stanley lifted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Loop Capital lifted their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. TD Cowen lifted their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, October 11th. Finally, Craig Hallum initiated coverage on shares of Samsara in a research note on Tuesday, October 22nd. They set a "hold" rating and a $48.00 price target on the stock. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $51.67.

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.