Samsara Inc. (NYSE:IOT) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Samsara Inc. (NYSE:IOT) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,857 shares of the company’s stock after acquiring an additional 1,358 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Samsara were worth $1,193,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew 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 valued at $916,555,000 after acquiring an additional 863,197 shares in the last quarter. FMR LLC grew its stake in shares of Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after acquiring an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 valued at $181,045,000 after acquiring an additional 2,148,081 shares in the last quarter. Invesco Ltd. grew its stake in shares of Samsara by 13.7% during the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock valued at $151,908,000 after acquiring an additional 419,163 shares in the last quarter. Finally, Amundi grew its stake in shares of Samsara by 22.2% during the fourth quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after acquiring an additional 547,390 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on IOT shares. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Monday, March 10th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Morgan Stanley reduced their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price target on shares of Samsara from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Berenberg Bank started coverage on shares of Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.47.

Samsara Stock Up 1.1%

Shares of IOT stock opened at $47.46 on Monday. The business has a 50 day moving average of $39.52 and a two-hundred day moving average of $45.77. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The company has a market cap of $27.02 billion, a P/E ratio of -100.98 and a beta of 1.70.

Insider Activity

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sanjit Biswas sold 118,589 shares of Samsara stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.15, for a total value of $5,828,649.35. Following the sale, the insider now directly owns 126,000 shares in the company, valued at approximately $6,192,900. This trade represents a 48.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,239,721 shares of company stock valued at $48,223,793. Insiders own 60.04% of the company’s stock.

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.