Deutsche Bank AG Has $12.33 Million Stock Position in Samsara Inc. (NYSE:IOT)

Deutsche Bank AG increased its stake in shares of Samsara Inc. (NYSE:IOT) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,202 shares of the company’s stock after buying an additional 11,199 shares during the period. Deutsche Bank AG owned 0.05% of Samsara worth $12,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 414 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Samsara during the 4th quarter worth about $31,000. IFP Advisors Inc lifted its position in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after buying an additional 598 shares in the last quarter. National Bank of Canada FI bought a new stake in Samsara during the 4th quarter worth about $45,000. Finally, UMB Bank n.a. raised its holdings in Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Trading Down 1.4%

NYSE IOT opened at $47.05 on Friday. The company has a market cap of $26.79 billion, a PE ratio of -100.11 and a beta of 1.70. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a 50 day moving average of $39.29 and a 200-day moving average of $45.82.

Analysts Set New Price Targets

Several analysts have weighed in on IOT shares. Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Wells Fargo & Company dropped their price objective on Samsara from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Piper Sandler reissued an “overweight” rating and set a $53.00 price objective (up from $44.00) on shares of Samsara in a report on Wednesday. Royal Bank of Canada dropped their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Monday, March 10th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average target price of $49.47.

Insider Activity

In other news, insider Adam Eltoukhy sold 9,043 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the sale, the insider now owns 331,106 shares in the company, valued at approximately $17,839,991.28. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,239,721 shares of company stock valued at $48,223,793. 60.04% of the stock is owned by 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.