Legal & General Group Plc reduced its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,008,111 shares of the company's stock after selling 374,885 shares during the period. Legal & General Group Plc owned about 0.18% of Samsara worth $44,044,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after acquiring an additional 2,852,575 shares during the last quarter. Jordan Park Trust Co LLC bought a new stake in shares of Samsara in the 4th quarter valued at about $112,041,000. Norges Bank acquired a new stake in shares of Samsara in the fourth quarter valued at about $106,274,000. Arrowstreet Capital Limited Partnership boosted its holdings in Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after acquiring an additional 2,148,081 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after purchasing an additional 1,777,757 shares during the last quarter. Institutional investors own 96.02% of the company's stock.
Samsara Price Performance
Shares of NYSE IOT traded up $1.41 during midday trading on Tuesday, reaching $38.66. The company's stock had a trading volume of 3,029,192 shares, compared to its average volume of 3,766,536. The stock has a market capitalization of $22.01 billion, a P/E ratio of -82.26 and a beta of 1.71. The firm has a 50 day moving average price of $43.57 and a 200-day moving average price of $46.94. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.
Insider Buying and Selling
In other news, insider Adam Eltoukhy sold 9,043 shares of Samsara stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the sale, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $729,544.50. Following the completion of the transaction, the insider now directly owns 1,571,848 shares in the company, valued at $87,630,526. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,506,639 shares of company stock worth $64,355,489. 60.04% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
IOT has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Berenberg Bank assumed coverage on Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 target price on the stock. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Monday, March 10th. Royal Bank of Canada reduced their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, Cowen restated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.20.
Check Out Our Latest Research Report on IOT
Samsara Company 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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