Natixis Takes $2.76 Million Position in Samsara Inc. (NYSE:IOT)

Natixis acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,101 shares of the company's stock, valued at approximately $2,757,000.

Other hedge funds have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Samsara by 54.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,127 shares of the company's stock worth $661,000 after buying an additional 5,357 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Samsara by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 358,920 shares of the company's stock worth $15,682,000 after acquiring an additional 34,805 shares during the period. First Trust Advisors LP boosted its holdings in shares of Samsara by 9.8% in the fourth quarter. First Trust Advisors LP now owns 1,294,151 shares of the company's stock worth $56,541,000 after acquiring an additional 115,501 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Samsara by 57.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 533,800 shares of the company's stock worth $23,322,000 after acquiring an additional 193,900 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Samsara in the fourth quarter worth $12,288,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the subject of several research analyst reports. Cowen reissued a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company dropped their price objective on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research note on Monday, March 10th. Royal Bank of Canada dropped their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, Raymond James initiated coverage on Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating for the company. Nine investment 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 a consensus target price of $48.87.

Insider Transactions at Samsara

In related news, insider John Bicket sold 107,152 shares of Samsara stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total value of $5,478,681.76. Following the sale, the insider now owns 138,000 shares in the company, valued at $7,055,940. The trade was a 43.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,350,384 shares of company stock worth $55,413,757. Company insiders own 60.04% of the company's stock.

Samsara Stock Up 0.5 %

Shares of IOT traded up $0.21 during trading hours on Friday, hitting $39.43. The company had a trading volume of 2,163,173 shares, compared to its average volume of 3,776,769. The firm has a market cap of $22.45 billion, a P/E ratio of -83.89 and a beta of 1.71. The stock's 50 day moving average price is $40.47 and its 200 day moving average price is $46.38. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.

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.