Vinva Investment Management Ltd Acquires New Position in Samsara Inc. (NYSE:IOT)

Vinva Investment Management Ltd acquired a new stake in Samsara Inc. (NYSE:IOT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,241 shares of the company’s stock, valued at approximately $4,182,000.

Several other large investors have also bought and sold shares of IOT. Jordan Park Trust Co LLC acquired a new position in Samsara in the fourth quarter valued at approximately $112,041,000. Lord Abbett & CO. LLC raised its holdings in Samsara by 1,909.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after purchasing an additional 1,777,757 shares during the period. FMR LLC raised its holdings in Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Samsara by 55.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock worth $88,013,000 after purchasing an additional 650,982 shares during the period. Finally, Jennison Associates LLC raised its holdings in Samsara by 13,426.9% in the fourth quarter. Jennison Associates LLC now owns 593,562 shares of the company’s stock worth $25,933,000 after purchasing an additional 589,174 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

Shares of NYSE IOT opened at $39.94 on Thursday. The stock has a market capitalization of $22.41 billion, a PE ratio of -84.98 and a beta of 1.63. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a 50 day moving average price of $47.96 and a 200 day moving average price of $48.10.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Monday, March 10th. Berenberg Bank assumed coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Insider Activity

In related news, insider Adam Eltoukhy sold 23,960 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the transaction, the insider now directly owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,597,277 shares of company stock valued at $70,158,166. 60.04% of the stock is owned by insiders.

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.