Andra AP fonden Has $9.40 Million Stake in Samsara Inc. (NYSE:IOT)

Andra AP fonden boosted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,200 shares of the company's stock after acquiring an additional 75,700 shares during the period. Andra AP fonden's holdings in Samsara were worth $9,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. boosted its holdings in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock worth $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. FMR LLC grew its stake 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 buying an additional 1,604,822 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Samsara by 4.1% during 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 in the last quarter. Geode Capital Management LLC raised its stake in Samsara by 9.5% during 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. Finally, State Street Corp raised its stake in Samsara by 4.7% during 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 in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Piper Sandler raised shares of Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price objective on the stock in a research note on Monday. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a report on Monday. Finally, Truist Financial decreased their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock 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. According to MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and an average price target of $49.60.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 23,960 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50. Following the sale, the insider now directly owns 1,571,848 shares of the company's stock, valued at $87,630,526. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,292,341 shares of company stock worth $60,151,786 over the last quarter. 60.04% of the stock is currently owned by insiders.

Samsara Trading Up 5.9 %

Shares of NYSE:IOT traded up $2.12 during trading on Wednesday, hitting $38.02. 7,390,316 shares of the company were exchanged, compared to its average volume of 3,766,600. The stock has a market cap of $21.33 billion, a price-to-earnings ratio of -80.88 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm has a fifty day moving average price of $48.67 and a two-hundred day moving average price of $48.27.

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.