Deutsche Bank AG Has $12.33 Million Holdings in Samsara Inc. (NYSE:IOT)

Deutsche Bank AG grew its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 282,202 shares of the company's stock after purchasing an additional 11,199 shares during the period. Deutsche Bank AG owned about 0.05% of Samsara worth $12,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IOT. Barclays PLC increased its stake in shares of Samsara by 163.2% in the third quarter. Barclays PLC now owns 412,066 shares of the company's stock valued at $19,829,000 after buying an additional 255,532 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Samsara by 12.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 7,950 shares of the company's stock worth $347,000 after purchasing an additional 900 shares during the period. Paragon Capital Management Ltd lifted its stake in Samsara by 80.8% in the fourth quarter. Paragon Capital Management Ltd now owns 35,126 shares of the company's stock valued at $1,535,000 after purchasing an additional 15,703 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Samsara by 38.0% during the fourth quarter. Arkadios Wealth Advisors now owns 36,350 shares of the company's stock worth $1,588,000 after purchasing an additional 10,000 shares during the period. Finally, KRS Capital Management LLC purchased a new stake in Samsara during the 4th quarter worth about $250,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Trading Up 0.5%

NYSE IOT traded up $0.24 on Monday, reaching $47.66. 2,437,907 shares of the company were exchanged, compared to its average volume of 3,746,995. The stock has a market capitalization of $27.13 billion, a P/E ratio of -101.40 and a beta of 1.70. The business's fifty day moving average price is $39.52 and its 200 day moving average price is $45.77. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Insider Buying and Selling at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now directly owns 331,106 shares of the company's stock, valued at approximately $17,839,991.28. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,239,721 shares of company stock worth $48,223,793 over the last three months. Insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $53.00 price objective (up previously from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Berenberg Bank initiated coverage on Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target on the stock. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating on the stock. Finally, Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.