Vontobel Holding Ltd. acquired a new stake in Samsara Inc. (NYSE:IOT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,478 shares of the company’s stock, valued at approximately $207,000.
A number of other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Samsara by 90,983.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,374,298 shares of the company’s stock valued at $1,257,322,000 after purchasing an additional 45,324,482 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of Samsara in the first quarter valued at $370,994,000. General Atlantic L.P. acquired a new stake in shares of Samsara in the first quarter valued at $181,957,000. Vanguard Group Inc. raised its stake in shares of Samsara by 84.4% in the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock valued at $92,175,000 after acquiring an additional 3,495,366 shares in the last quarter. Finally, PointState Capital LP raised its stake in shares of Samsara by 62.7% in the first quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock valued at $58,335,000 after acquiring an additional 1,402,994 shares in the last quarter. 52.47% of the stock is owned by institutional investors and hedge funds.
Samsara Stock Performance
IOT stock opened at $23.46 on Monday. The stock has a market capitalization of $12.55 billion, a PE ratio of -52.13 and a beta of 1.41. The company has a fifty day moving average of $25.99 and a 200-day moving average of $24.36. Samsara Inc. has a one year low of $8.42 and a one year high of $32.41.
Insider Transactions at Samsara
In other news, insider Adam Eltoukhy sold 1,667 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $26.00, for a total transaction of $43,342.00. Following the transaction, the insider now directly owns 774,154 shares of the company’s stock, valued at approximately $20,128,004. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Adam Eltoukhy sold 1,667 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $26.00, for a total transaction of $43,342.00. Following the sale, the insider now owns 774,154 shares of the company’s stock, valued at approximately $20,128,004. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc L. Andreessen sold 391,930 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $30.92, for a total value of $12,118,475.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,605,409 shares of company stock valued at $70,612,439 in the last ninety days. 66.14% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on IOT. Truist Financial upped their target price on shares of Samsara from $20.00 to $27.00 in a research note on Friday, June 23rd. Morgan Stanley boosted their target price on shares of Samsara from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, September 1st. BMO Capital Markets boosted their target price on Samsara from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Friday, September 1st. Wells Fargo & Company boosted their target price on Samsara from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $34.00 target price on shares of Samsara in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.33.
Read Our Latest Stock Analysis on IOT
About Samsara
Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.
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