Landscape Capital Management L.L.C. Buys New Shares in Samsara Inc. (NYSE:IOT)

Landscape Capital Management L.L.C. purchased a new stake in Samsara Inc. (NYSE:IOT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,570 shares of the company’s stock, valued at approximately $1,248,000.

Several other institutional investors have also recently made changes to their positions in IOT. Jordan Park Trust Co LLC acquired a new position in Samsara during the fourth quarter worth $112,041,000. Norges Bank acquired a new position in shares of Samsara during the 4th quarter worth about $106,274,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after purchasing an additional 2,148,081 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after purchasing an additional 1,777,757 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Samsara by 577.7% in the 4th quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company’s stock valued at $63,736,000 after purchasing an additional 1,243,561 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Monday, March 10th. Royal Bank of Canada decreased their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, March 7th. Finally, Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price target on the stock in a report on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Insider Transactions at Samsara

In other Samsara news, insider Dominic Phillips sold 21,157 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $38.37, for a total transaction of $811,794.09. Following the sale, the insider now directly owns 638,642 shares in the company, valued at $24,504,693.54. This represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now directly owns 331,106 shares in the company, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,628,453 shares of company stock valued at $71,145,841. 60.04% of the stock is owned by corporate insiders.

Samsara Price Performance

Shares of NYSE:IOT opened at $33.51 on Friday. The business’s 50 day simple moving average is $46.30 and its 200 day simple moving average is $47.67. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The company has a market capitalization of $18.81 billion, a P/E ratio of -71.30 and a beta of 1.63.

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.