Landscape Capital Management L.L.C. Buys New Stake in Samsara Inc. (NYSE:IOT)

Landscape Capital Management L.L.C. purchased a new position in Samsara Inc. (NYSE:IOT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,570 shares of the company’s stock, valued at approximately $1,248,000.

A number of other institutional investors also recently added to or reduced their stakes in IOT. Vanguard Group Inc. lifted its position in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock worth $916,555,000 after buying an additional 863,197 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 during the period. Amundi boosted 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 valued at $133,126,000 after purchasing an additional 547,390 shares in the last quarter. Jordan Park Trust Co LLC bought a new stake in shares of Samsara in the 4th quarter worth about $112,041,000. Finally, Norges Bank acquired a new stake in shares of Samsara during the 4th quarter worth about $106,274,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Price Performance

NYSE IOT opened at $33.51 on Friday. The stock’s 50-day moving average is $46.30 and its 200-day moving average is $47.67. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The firm has a market cap of $18.81 billion, a P/E ratio of -71.30 and a beta of 1.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets upgraded 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. Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a “hold” rating for the company 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 objective on the stock. Royal Bank of Canada decreased their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company reduced their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Insiders Place Their Bets

In other Samsara news, insider Sanjit Biswas sold 59,114 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the completion of the transaction, the insider now owns 196,678 shares in the company, valued at approximately $8,899,679.50. This represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,628,453 shares of company stock worth $71,145,841. Company 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.