J. Safra Sarasin Holding AG bought a new position in Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 53,740 shares of the company's stock, valued at approximately $2,348,000.
- MarketBeat Week in Review – 03/10 - 03/14
Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its stake in Samsara by 163.2% in the 3rd quarter. Barclays PLC now owns 412,066 shares of the company's stock worth $19,829,000 after acquiring an additional 255,532 shares during the last quarter. Virtu Financial LLC bought a new stake in Samsara during the third quarter valued at approximately $1,689,000. Wilmington Savings Fund Society FSB bought a new position in shares of Samsara in the 3rd quarter worth $546,000. Franklin Resources Inc. purchased a new stake in shares of Samsara during the 3rd quarter valued at $10,868,000. Finally, Lord Abbett & CO. LLC lifted its stake in Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after purchasing an additional 1,777,757 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
Samsara Trading Down 5.4 %
Shares of Samsara stock opened at $35.51 on Tuesday. The business has a fifty day simple moving average of $42.15 and a two-hundred day simple moving average of $46.68. The firm has a market capitalization of $20.22 billion, a P/E ratio of -75.55 and a beta of 1.71. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.
Insider Activity at Samsara
- Samsara Stock Plunges, But Technicals Flash a Buy Signal
In other news, insider John Bicket sold 107,152 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the sale, the insider now directly owns 138,000 shares of the company's stock, valued at approximately $7,055,940. This represents a 43.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $34.89, for a total transaction of $5,582,400.00. Following the completion of the transaction, the insider now owns 108,000 shares in the company, valued at approximately $3,768,120. The trade was a 59.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,190,384 shares of company stock valued at $49,818,557 in the last three months. Company insiders own 60.04% of the company's stock.
Analysts Set New Price Targets
IOT has been the subject of several research reports. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research note on Monday, March 10th. Berenberg Bank started coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target for the company. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Cowen restated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Finally, Raymond James started coverage on Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating for the company. Nine equities research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.07.
