Zevenbergen Capital Investments LLC purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 413,825 shares of the company's stock, valued at approximately $18,080,000. Zevenbergen Capital Investments LLC owned approximately 0.07% of Samsara as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock worth $916,555,000 after purchasing an additional 863,197 shares in the last quarter. FMR LLC raised its position in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company's stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Samsara by 4.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company's stock worth $168,741,000 after buying an additional 138,702 shares in the last quarter. Amundi boosted its position in Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after buying an additional 547,390 shares during the last quarter. Finally, Jordan Park Trust Co LLC acquired a new stake in shares of Samsara in the 4th quarter valued at $112,041,000. Institutional investors own 96.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on IOT. BMO Capital Markets raised 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. Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Raymond James assumed coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating for the company. Finally, Loop Capital raised their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.60.
View Our Latest Analysis on IOT
Samsara Price Performance
Shares of Samsara stock traded down $1.81 during trading hours on Friday, hitting $38.87. The company's stock had a trading volume of 4,263,743 shares, compared to its average volume of 3,583,411. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a market capitalization of $21.81 billion, a PE ratio of -82.71 and a beta of 1.63. The stock has a 50 day moving average of $47.39 and a 200 day moving average of $48.03.
Insiders Place Their Bets
In related news, insider Sanjit Biswas sold 59,114 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the sale, the insider now directly owns 196,678 shares in the company, valued at $8,899,679.50. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 in the company, valued at $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 three months, insiders have sold 1,607,296 shares of company stock worth $70,334,047. Company insiders own 60.04% of the company's stock.
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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