Lbp Am Sa Invests $16.84 Million in Samsara Inc. (NYSE:IOT)

LBP AM SA bought a new position in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 385,349 shares of the company's stock, valued at approximately $16,836,000. LBP AM SA owned about 0.07% of Samsara at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in Samsara during the 4th quarter worth $31,000. Hobbs Group Advisors LLC acquired a new stake in Samsara in the third quarter worth $34,000. IFP Advisors Inc increased its position in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after buying an additional 635 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IOT shares. Loop Capital upped their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Piper Sandler raised Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price objective for the company in a research note on Monday, March 10th. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Craig Hallum reissued a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Finally, Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.60.

Remove Ads

Samsara Stock Performance

NYSE:IOT traded down $0.86 during trading hours on Tuesday, reaching $38.10. The stock had a trading volume of 4,123,977 shares, compared to its average volume of 3,551,213. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock has a 50 day simple moving average of $48.14 and a 200 day simple moving average of $48.18. The stock has a market cap of $21.38 billion, a P/E ratio of -81.06 and a beta of 1.63.

Insider Transactions at Samsara

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now directly owns 320,936 shares of the company's stock, valued at $10,934,289.52. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sanjit Biswas sold 13,086 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares of the company's stock, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,520,643 shares of company stock worth $67,197,394 over the last quarter. Corporate insiders own 60.04% of the company's stock.

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.