Natixis Purchases Shares of 63,101 Samsara Inc. (NYSE:IOT)

Natixis acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 63,101 shares of the company's stock, valued at approximately $2,757,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Samsara by 163.2% in the 3rd quarter. Barclays PLC now owns 412,066 shares of the company's stock worth $19,829,000 after purchasing an additional 255,532 shares during the period. Virtu Financial LLC acquired a new position in Samsara during the third quarter valued at approximately $1,689,000. Wilmington Savings Fund Society FSB purchased a new stake in Samsara during the third quarter worth approximately $546,000. Franklin Resources Inc. purchased a new position in shares of Samsara in the 3rd quarter valued at $10,868,000. Finally, Lord Abbett & CO. LLC boosted its position 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 period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IOT. Truist Financial reduced their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped their price objective on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Berenberg Bank began coverage on shares of Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective on the stock. Finally, BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Monday, March 10th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.87.

Insiders Place Their Bets

In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction 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. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares of the company's stock, valued at approximately $10,934,289.52. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,350,384 shares of company stock worth $55,413,757. Insiders own 60.04% of the company's stock.

Samsara Trading Up 0.5 %

IOT traded up $0.21 during trading on Friday, reaching $39.43. 2,163,173 shares of the company were exchanged, compared to its average volume of 3,770,896. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm has a 50 day moving average of $40.90 and a 200 day moving average of $46.48. The stock has a market cap of $22.45 billion, a P/E ratio of -83.89 and a beta of 1.71.

About Samsara

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.