Vanguard Group Inc. Has $916.56 Million Stake in Samsara Inc. (NYSE:IOT)

Vanguard Group Inc. grew its stake in Samsara Inc. (NYSE:IOT) by 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,978,589 shares of the company’s stock after buying an additional 863,197 shares during the quarter. Vanguard Group Inc.’s holdings in Samsara were worth $916,555,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jordan Park Trust Co LLC bought a new position in shares of Samsara in the 4th quarter valued at approximately $112,041,000. Lord Abbett & CO. LLC raised its position in shares of Samsara by 1,909.4% in the third 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 during the period. FMR LLC lifted its stake in shares of Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after buying an additional 1,604,822 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Samsara by 13,426.9% during the 4th quarter. Jennison Associates LLC now owns 593,562 shares of the company’s stock worth $25,933,000 after buying an additional 589,174 shares during the period. Finally, Amundi grew its stake 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. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on IOT shares. Craig Hallum reissued a “hold” rating on shares of Samsara in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Raymond James began coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Finally, Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Nine investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Samsara Trading Down 4.4 %

NYSE IOT opened at $38.87 on Friday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of -82.71 and a beta of 1.63. The stock’s 50 day moving average is $47.39 and its two-hundred day moving average is $48.03.

Insider Buying and Selling

In related news, insider John Bicket sold 107,152 shares of Samsara stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the completion of the transaction, the insider now directly owns 138,000 shares of the company’s stock, valued at $7,055,940. This trade represents a 43.71 % decrease in their position. The sale 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 shares were 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 owns 1,571,848 shares in the company, valued at approximately $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. Insiders sold 1,607,296 shares of company stock worth $70,334,047 in the last 90 days. 60.04% of the stock is owned by company 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.