Forsta AP Fonden Purchases Shares of 113,900 Samsara Inc. (NYSE:IOT)

Forsta AP Fonden acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 113,900 shares of the company’s stock, valued at approximately $4,976,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IOT. Hobbs Group Advisors LLC purchased a new position in Samsara in the 3rd quarter worth approximately $34,000. Continuum Advisory LLC grew its position in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. raised its position in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Down 1.2 %

NYSE:IOT opened at $51.38 on Friday. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The stock has a market cap of $28.83 billion, a P/E ratio of -109.31 and a beta of 1.59. The firm’s fifty day simple moving average is $47.90 and its 200 day simple moving average is $45.71.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 9,307 shares of Samsara stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the completion of the transaction, the insider now directly owns 396,784 shares of the company’s stock, valued at $19,660,647.20. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Bicket sold 64,137 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total transaction of $3,045,224.76. Following the sale, the insider now directly owns 41,288 shares in the company, valued at $1,960,354.24. The trade was a 60.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,657,460 shares of company stock worth $80,657,496 over the last 90 days. 60.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent research reports. Loop Capital boosted their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. BNP Paribas assumed coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target for the company. Craig Hallum started coverage on Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Samsara presently has an average rating of “Hold” and a consensus target price of $51.29.

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.