Raiffeisen Bank International AG Makes New $5.71 Million Investment in Samsara Inc. (NYSE:IOT)

Raiffeisen Bank International AG bought a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 130,000 shares of the company’s stock, valued at approximately $5,708,000.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased 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 increased its position in shares of Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after purchasing an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Samsara by 107.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after purchasing an additional 2,148,081 shares in the last quarter. Invesco Ltd. increased its position in shares of Samsara by 13.7% during the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock worth $151,908,000 after purchasing an additional 419,163 shares in the last quarter. Finally, Amundi increased its position in shares of Samsara by 22.2% during the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after purchasing an additional 547,390 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Stock Performance

Shares of IOT opened at $47.05 on Friday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The company has a market capitalization of $26.79 billion, a P/E ratio of -100.11 and a beta of 1.70. The business’s 50-day moving average is $39.29 and its two-hundred day moving average is $45.82.

Insider Activity

In other news, insider Sanjit Biswas sold 21,735 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $42.98, for a total transaction of $934,170.30. Following the sale, the insider now directly owns 985,789 shares in the company, valued at $42,369,211.22. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dominic Phillips sold 20,534 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $40.40, for a total transaction of $829,573.60. Following the completion of the transaction, the insider now directly owns 903,508 shares in the company, valued at $36,501,723.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,239,721 shares of company stock worth $48,223,793 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Berenberg Bank started coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target on the stock. Piper Sandler reissued an “overweight” rating and issued a $53.00 target price (up from $44.00) on shares of Samsara in a research report on Wednesday. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Morgan Stanley cut their target price on Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company cut their target price on Samsara from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average target price of $49.47.

About Samsara

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.