Aviva PLC boosted its position in Samsara Inc. (NYSE:IOT - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,457 shares of the company's stock after purchasing an additional 24,986 shares during the quarter. Aviva PLC's holdings in Samsara were worth $5,350,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Jones Financial Companies Lllp bought a new position in Samsara in the 4th quarter worth about $31,000. Hobbs Group Advisors LLC bought a new position in shares of Samsara in the third quarter worth approximately $34,000. IFP Advisors Inc grew its holdings in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after buying an additional 247 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Samsara during the fourth quarter valued at approximately $45,000. Institutional investors own 96.02% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on IOT. Royal Bank of Canada cut their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, Craig Hallum restated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.20.
Get Our Latest Analysis on IOT
Insiders Place Their Bets
In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $34.89, for a total value of $5,582,400.00. Following the transaction, the insider now directly owns 108,000 shares of the company's stock, valued at approximately $3,768,120. The trade was a 59.70 % decrease in their ownership of the stock. 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 company insiders.
Samsara Price Performance
Shares of IOT stock traded up $1.25 during trading hours on Tuesday, reaching $38.50. 898,289 shares of the company traded hands, compared to its average volume of 3,756,996. The firm has a 50-day moving average price of $43.88 and a 200 day moving average price of $47.00. The company has a market cap of $21.92 billion, a P/E ratio of -81.88 and a beta of 1.71. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.
Samsara Profile
(
Free Report)
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.
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