Raiffeisen Bank International AG Buys Shares of 130,000 Samsara Inc. (NYSE:IOT)

Raiffeisen Bank International AG bought a new stake in Samsara Inc. (NYSE:IOT) in the 4th quarter, HoldingsChannel reports. The firm bought 130,000 shares of the company’s stock, valued at approximately $5,708,000.

Several other large investors also recently added to or reduced their stakes in IOT. FMR LLC grew its holdings in shares of Samsara by 24.0% during the 4th 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 during the period. Jordan Park Trust Co LLC purchased a new position in Samsara during the 4th quarter valued at about $112,041,000. Norges Bank purchased a new position in Samsara during the 4th quarter valued at about $106,274,000. Arrowstreet Capital Limited Partnership boosted its holdings in Samsara by 107.6% during the 4th 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 during the period. Finally, Franklin Resources Inc. boosted its holdings in Samsara by 577.7% during the 4th quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company’s stock valued at $63,736,000 after acquiring an additional 1,243,561 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In other news, insider Dominic Phillips sold 20,534 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $40.40, for a total value of $829,573.60. Following the transaction, the insider now owns 903,508 shares of the company’s stock, valued at approximately $36,501,723.20. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the transaction, the insider now owns 331,106 shares of the company’s stock, valued at approximately $17,839,991.28. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,239,721 shares of company stock worth $48,223,793. Company insiders own 60.04% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of a number of research analyst reports. Cowen restated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $53.00 price target (up previously from $44.00) on shares of Samsara in a research report on Wednesday. Morgan Stanley reduced their price target 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, BMO Capital Markets raised 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. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.47.

Samsara Stock Performance

Shares of Samsara stock opened at $47.05 on Friday. The company has a market capitalization of $26.79 billion, a P/E ratio of -100.11 and a beta of 1.70. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The company’s fifty day moving average is $39.29 and its two-hundred day moving average is $45.82.

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.