Ameriprise Financial Inc. Sells 88,109 Shares of Samsara Inc. (NYSE:IOT)

Ameriprise Financial Inc. lowered its position in Samsara Inc. (NYSE:IOT - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 364,998 shares of the company's stock after selling 88,109 shares during the period. Ameriprise Financial Inc. owned 0.07% of Samsara worth $15,947,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock worth $916,555,000 after purchasing an additional 863,197 shares in the last quarter. FMR LLC lifted its stake in shares of Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 buying an additional 2,148,081 shares during the last quarter. Invesco Ltd. increased its position in shares of Samsara by 13.7% during the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company's stock worth $151,908,000 after acquiring an additional 419,163 shares in the last quarter. Finally, Amundi increased its position in shares of Samsara by 22.2% during the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock worth $133,126,000 after acquiring an additional 547,390 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Eltoukhy sold 3,903 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the sale, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,239,721 shares of company stock worth $48,223,793. Insiders own 60.04% of the company's stock.

Samsara Price Performance

Shares of Samsara stock traded down $0.29 on Tuesday, reaching $47.33. 1,585,991 shares of the company traded hands, compared to its average volume of 3,738,392. The company has a 50 day moving average of $39.72 and a 200 day moving average of $45.78. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm has a market capitalization of $26.95 billion, a PE ratio of -100.70 and a beta of 1.70.

Analyst Ratings Changes

IOT has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Berenberg Bank initiated coverage on Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 target price on the stock. Cowen reissued a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Samsara presently has a consensus rating of "Moderate Buy" and an average price target of $49.47.

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.