APG Asset Management US Inc. Takes $300,000 Position in Samsara Inc. (NYSE:IOT)

APG Asset Management US Inc. acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,877 shares of the company's stock, valued at approximately $300,000.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Samsara in the 4th quarter valued at $31,000. Hobbs Group Advisors LLC acquired a new stake in Samsara during the 3rd quarter valued at approximately $34,000. IFP Advisors Inc raised its stake in Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after buying an additional 598 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after purchasing an additional 247 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Samsara during the 4th quarter worth approximately $45,000. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Performance

IOT stock traded up $1.25 on Tuesday, hitting $38.50. 1,146,556 shares of the company's stock were exchanged, compared to its average volume of 3,758,031. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock has a market cap of $21.92 billion, a P/E ratio of -81.91 and a beta of 1.71. The firm has a 50 day moving average price of $43.88 and a two-hundred day moving average price of $47.00.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on IOT. Cowen restated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Piper Sandler dropped their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note 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 target price on the stock in a report on Monday, March 10th. Finally, Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.20.

Insider Transactions at Samsara

In other news, insider Adam Eltoukhy sold 9,043 shares of the 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 owns 331,106 shares of the company's stock, valued at $17,839,991.28. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the transaction, the director now directly owns 373,579 shares of the company's stock, valued at approximately $14,464,978.88. This trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,506,639 shares of company stock worth $64,355,489 over the last three months. 60.04% of the stock is currently owned by insiders.

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.