Voya Investment Management LLC Grows Stake in Samsara Inc. (NYSE:IOT)

Voya Investment Management LLC boosted its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,691,093 shares of the company's stock after buying an additional 254,754 shares during the quarter. Voya Investment Management LLC owned approximately 0.30% of Samsara worth $73,884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IOT. SBI Securities Co. Ltd. acquired a new stake in Samsara during the 4th quarter valued at approximately $431,000. Charles Schwab Investment Management Inc. increased its position in shares of Samsara by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock worth $82,004,000 after buying an additional 47,911 shares during the period. Wells Fargo & Company MN raised its stake in Samsara by 101.4% during the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock worth $5,644,000 after buying an additional 65,028 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Samsara by 30.4% in the fourth quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after buying an additional 178,102 shares during the period. Finally, Vanguard Group Inc. boosted its position in Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after acquiring an additional 863,197 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Stock Up 0.9 %

IOT stock traded up $0.36 during mid-day trading on Monday, reaching $39.78. 2,280,077 shares of the company traded hands, compared to its average volume of 3,770,783. The firm's 50 day moving average price is $40.47 and its 200 day moving average price is $46.38. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of -84.64 and a beta of 1.71. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IOT shares. Royal Bank of Canada dropped their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Berenberg Bank began coverage on Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target on the stock. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.87.

Insider Buying and Selling

In related news, insider John Bicket sold 107,152 shares of Samsara stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the sale, the insider now directly owns 138,000 shares in the company, valued at approximately $7,055,940. This trade represents a 43.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the transaction, the insider now owns 331,106 shares of the company's stock, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,350,384 shares of company stock worth $55,413,757. 60.04% of the stock is owned by corporate insiders.

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.