AGF Management Ltd. Has $15.79 Million Holdings in Samsara Inc. (NYSE:IOT)

AGF Management Ltd. raised its holdings in shares of Samsara Inc. (NYSE:IOT) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 361,427 shares of the company’s stock after purchasing an additional 61,451 shares during the period. AGF Management Ltd.’s holdings in Samsara were worth $15,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Samsara in the 4th quarter valued at approximately $31,000. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter worth approximately $34,000. IFP Advisors Inc increased its stake in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares in the last quarter. Continuum Advisory LLC increased its stake in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after purchasing an additional 635 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 170,416 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,292,341 shares of company stock valued at $60,151,786. 60.04% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

IOT opened at $35.91 on Wednesday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The company has a market capitalization of $20.15 billion, a P/E ratio of -76.40 and a beta of 1.63. The stock has a fifty day moving average of $48.67 and a 200-day moving average of $48.27.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating for the company. Morgan Stanley raised their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday. Finally, Loop Capital raised their price target on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus target price of $49.60.

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.