Lansforsakringar Fondforvaltning AB publ Takes $2.06 Million Position in Samsara Inc. (NYSE:IOT)

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 47,196 shares of the company's stock, valued at approximately $2,062,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 in the last quarter. FMR LLC increased its stake in Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 valued at $181,045,000 after purchasing an additional 2,148,081 shares in the last quarter. Invesco Ltd. grew its position in shares of Samsara by 13.7% in the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company's stock valued at $151,908,000 after purchasing an additional 419,163 shares in the last quarter. Finally, Amundi grew its position in shares of Samsara by 22.2% in 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 Price Performance

IOT traded down $0.77 during trading hours on Tuesday, reaching $45.88. The company's stock had a trading volume of 4,326,264 shares, compared to its average volume of 3,734,921. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The stock has a market cap of $26.12 billion, a PE ratio of -97.61 and a beta of 1.70. The business's 50-day moving average is $41.11 and its 200-day moving average is $45.47.

Insiders Place Their Bets

In other Samsara news, insider John Bicket sold 54,148 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $47.33, for a total transaction of $2,562,824.84. Following the transaction, the insider now directly owns 90,000 shares in the company, valued at $4,259,700. This represents a 37.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjit Biswas sold 42,526 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.23, for a total value of $1,965,976.98. Following the transaction, the insider now owns 858,789 shares in the company, valued at $39,701,815.47. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,296,697 shares of company stock worth $50,886,971 over the last ninety days. Corporate insiders own 60.04% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company dropped their price target on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Berenberg Bank assumed coverage on Samsara in a research report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target for the company. Royal Bank of Canada dropped their price target on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating for the company. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Samsara has a consensus rating of "Moderate Buy" and an average price target of $49.87.

Samsara 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.