Barclays PLC Has $19.36 Million Stake in Samsara Inc. (NYSE:IOT)

Barclays PLC increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 443,116 shares of the company's stock after purchasing an additional 31,050 shares during the period. Barclays PLC owned about 0.08% of Samsara worth $19,358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after buying an additional 863,197 shares in the last quarter. FMR LLC increased its holdings in shares of Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after purchasing an additional 2,852,575 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after purchasing an additional 2,148,081 shares in the last quarter. Invesco Ltd. boosted its holdings 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 purchasing an additional 419,163 shares during the period. Finally, Amundi grew its position in Samsara by 22.2% during the fourth 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. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Trading Up 0.1 %

IOT traded up $0.02 during trading on Friday, hitting $39.24. The stock had a trading volume of 664,831 shares, compared to its average volume of 4,282,293. The firm has a market cap of $22.34 billion, a PE ratio of -83.50 and a beta of 1.71. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a 50 day simple moving average of $40.90 and a 200-day simple moving average of $46.48.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IOT. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Monday, March 10th. Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating on the stock. Royal Bank of Canada reduced their price target on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Finally, Piper Sandler dropped their price objective on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.87.

Insider Transactions at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the transaction, the insider now owns 102,000 shares of the company's stock, valued at approximately $3,566,940. The trade was a 61.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,350,384 shares of company stock worth $55,413,757. Company insiders own 60.04% of the company's stock.

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.