Amundi Has $133.13 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Amundi lifted its holdings in Samsara Inc. (NYSE:IOT) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,013,265 shares of the company’s stock after buying an additional 547,390 shares during the quarter. Amundi owned about 0.54% of Samsara worth $133,126,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the 3rd quarter valued at approximately $34,000. IFP Advisors Inc grew its position in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after purchasing an additional 598 shares during the period. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after purchasing an additional 635 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James initiated coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company. Loop Capital increased their price target on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday. BMO Capital Markets upgraded Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Monday. Finally, Truist Financial lowered their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.60.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 48,884 shares of Samsara stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $45.36, for a total value of $2,217,378.24. Following the completion of the sale, the insider now directly owns 2,007,964 shares in the company, valued at approximately $91,081,247.04. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the sale, the director now owns 396,079 shares of the company’s stock, valued at approximately $17,970,104.23. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,257,396 shares of company stock worth $58,904,713 over the last ninety days. 60.04% of the stock is owned by insiders.

Samsara Trading Down 3.2 %

Shares of IOT stock opened at $34.25 on Tuesday. The business’s 50-day moving average price is $48.83 and its 200-day moving average price is $48.31. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of -72.86 and a beta of 1.63.

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.