Samsara Inc. (NYSE:IOT) Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in Samsara Inc. (NYSE:IOT) by 30.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,536 shares of the company’s stock after acquiring an additional 1,285 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Samsara were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after buying an additional 2,148,081 shares during the last quarter. Amundi lifted its stake in shares of Samsara by 22.2% in the 4th quarter. Amundi now owns 3,013,265 shares of the company’s stock worth $133,126,000 after acquiring an additional 547,390 shares during the period. Jordan Park Trust Co LLC purchased a new stake in shares of Samsara in the fourth quarter valued at about $112,041,000. Finally, Norges Bank acquired a new position in shares of Samsara during the fourth quarter worth about $106,274,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IOT shares. Royal Bank of Canada lowered their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Berenberg Bank began 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. Truist Financial cut their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Raymond James assumed coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Finally, Craig Hallum reiterated a “hold” rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.60.

Insider Activity

In other news, insider Sanjit Biswas sold 170,416 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the completion of the transaction, the insider now owns 1,175,569 shares of the company’s stock, valued at $53,253,275.70. This represents a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold a total of 1,628,453 shares of company stock valued at $71,145,841 over the last 90 days. Insiders own 60.04% of the company’s stock.

Samsara Trading Down 1.8 %

Shares of IOT stock opened at $33.51 on Friday. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of -71.30 and a beta of 1.63. The firm has a 50-day moving average price of $46.30 and a 200 day moving average price of $47.67. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

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.