Handelsbanken Fonder AB Purchases 6,000 Shares of Samsara Inc. (NYSE:IOT)

Handelsbanken Fonder AB increased its holdings in Samsara Inc. (NYSE:IOT) by 12.8% during the 4th quarter, Holdings Channel reports. The firm owned 53,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Handelsbanken Fonder AB’s holdings in Samsara were worth $2,316,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares during the last quarter. Private Trust Co. NA lifted its stake in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares during the period. CIBC Asset Management Inc boosted its holdings in Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after acquiring an additional 300 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after purchasing an additional 304 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of research reports. Truist Financial lifted their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised 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. Berenberg Bank started 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. Finally, BMO Capital Markets increased their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.67.

Samsara Stock Down 4.2 %

Shares of NYSE IOT opened at $50.59 on Tuesday. The company has a 50 day moving average of $48.99 and a 200 day moving average of $48.01. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a market cap of $28.39 billion, a P/E ratio of -107.64 and a beta of 1.61.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 1,571,848 shares in the company, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the 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 transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,388,355 shares of company stock worth $67,123,186 over the last quarter. 60.04% of the stock is currently owned by insiders.

Samsara 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.