AGF Management Ltd. raised its stake in Samsara Inc. (NYSE:IOT - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,427 shares of the company's stock after acquiring an additional 61,451 shares during the period. AGF Management Ltd. owned approximately 0.06% of Samsara worth $15,791,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of Samsara by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 16,900 shares of the company's stock worth $738,000 after purchasing an additional 1,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Samsara by 3.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,091 shares of the company's stock valued at $2,276,000 after purchasing an additional 1,672 shares during the period. Jordan Park Trust Co LLC purchased a new stake in Samsara in the fourth quarter worth about $112,041,000. Amundi raised its stake in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock worth $133,126,000 after buying an additional 547,390 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Samsara by 26.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,784 shares of the company's stock valued at $646,000 after buying an additional 3,057 shares in the last quarter. 96.02% of the stock is owned by institutional investors.
In related news, insider Dominic Phillips sold 64,629 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the sale, the insider now owns 755,001 shares in the company, valued at approximately $34,692,295.95. This represents a 7.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 23,960 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the transaction, the insider now owns 331,106 shares in the company, valued at $14,505,753.86. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,585,272 shares of company stock worth $70,167,096. 60.04% of the stock is currently owned by corporate insiders.
IOT stock traded up $2.12 during trading on Wednesday, hitting $38.02. 7,391,813 shares of the company's stock traded hands, compared to its average volume of 3,766,627. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market capitalization of $21.33 billion, a price-to-earnings ratio of -80.88 and a beta of 1.63. The business has a fifty day simple moving average of $48.67 and a 200 day simple moving average of $48.27.
Several research firms recently issued reports on IOT. Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Royal Bank of Canada lowered their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company dropped their target price on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley raised their price target on Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.60.
View Our Latest Stock Analysis on 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.
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