Invesco Ltd. raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,476,945 shares of the company's stock after purchasing an additional 419,163 shares during the period. Invesco Ltd. owned 0.62% of Samsara worth $151,908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased 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 buying an additional 2,852,575 shares during the period. Jordan Park Trust Co LLC purchased a new position in Samsara during the 4th quarter valued at $112,041,000. Norges Bank bought a new position in Samsara in the 4th quarter worth $106,274,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after purchasing an additional 2,148,081 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock valued at $90,026,000 after purchasing an additional 1,777,757 shares in the last quarter. Institutional investors own 96.02% of the company's stock.
Insider Activity
In other Samsara news, insider Sanjit Biswas sold 170,416 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the completion of the sale, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now directly owns 373,579 shares of the company's stock, valued at $14,464,978.88. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,639 shares of company stock valued at $64,355,489 over the last ninety days. 60.04% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on IOT. Craig Hallum reissued a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Raymond James initiated coverage on Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating on the stock. Piper Sandler reduced their price target on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research report on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and a consensus target price of $49.20.
Check Out Our Latest Research Report on Samsara
Samsara Trading Up 3.8 %
IOT traded up $1.41 during trading on Tuesday, hitting $38.66. 3,029,192 shares of the company's stock traded hands, compared to its average volume of 3,766,536. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of -82.26 and a beta of 1.71. The company's 50 day simple moving average is $43.57 and its two-hundred day simple moving average is $46.94. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.
About Samsara
(
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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