Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,672 Shares of Samsara Inc. (NYSE:IOT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Samsara Inc. (NYSE:IOT) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,091 shares of the company’s stock after purchasing an additional 1,672 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Samsara were worth $2,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Jordan Park Trust Co LLC bought a new stake in Samsara during the 4th quarter valued at approximately $112,041,000. Amundi boosted its position in Samsara by 22.2% during the 4th quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after acquiring an additional 547,390 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Samsara by 26.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,784 shares of the company’s stock valued at $646,000 after acquiring an additional 3,057 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Samsara by 7.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 17,566 shares of the company’s stock valued at $847,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Andra AP fonden boosted its position in Samsara by 54.3% during the 4th quarter. Andra AP fonden now owns 215,200 shares of the company’s stock valued at $9,402,000 after acquiring an additional 75,700 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 23,960 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the completion of the sale, the insider now directly owns 331,106 shares in the company, valued at approximately $14,505,753.86. The trade was a 6.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business’s 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. In the last ninety days, insiders sold 1,520,643 shares of company stock worth $67,197,394. Insiders own 60.04% of the company’s stock.

Samsara Trading Up 2.1 %

Shares of IOT opened at $37.91 on Monday. The firm has a market cap of $21.28 billion, a PE ratio of -80.67 and a beta of 1.63. The firm has a fifty day simple moving average of $48.26 and a two-hundred day simple moving average of $48.19. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Berenberg Bank initiated coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective on the stock. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Monday, March 10th. Raymond James initiated coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating on the stock. Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Finally, Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

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.