Forsta AP Fonden Buys Shares of 113,900 Samsara Inc. (NYSE:IOT)

Forsta AP Fonden bought a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 113,900 shares of the company's stock, valued at approximately $4,976,000.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC increased its holdings in Samsara by 39.1% in 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 in the last quarter. Private Trust Co. NA increased its stake in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock valued at $75,000 after purchasing an additional 250 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Samsara by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company's stock worth $433,000 after purchasing an additional 304 shares during the period. Wellington Management Group LLP boosted its position in Samsara by 5.1% during the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock worth $383,000 after purchasing an additional 388 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after buying an additional 418 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Up 2.3 %

NYSE IOT traded up $1.16 on Tuesday, hitting $52.57. 1,923,051 shares of the stock were exchanged, compared to its average volume of 2,534,821. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The company has a 50-day moving average price of $47.71 and a 200-day moving average price of $46.03. The company has a market cap of $29.50 billion, a PE ratio of -111.85 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IOT. Craig Hallum initiated coverage on Samsara in a research report on Tuesday, October 22nd. They set a "hold" rating and a $48.00 target price on the stock. BNP Paribas assumed coverage on shares of Samsara in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Royal Bank of Canada raised their price target on shares of Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $51.67.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 75,594 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the transaction, the chief executive officer now owns 120,292 shares of the company's stock, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 23,960 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 331,106 shares of the company's stock, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,529,135 shares of company stock valued at $74,564,625 over the last quarter. 60.04% of the stock is owned by insiders.

Samsara 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.