Bryce Point Capital LLC Purchases New Holdings in Samsara Inc. (NYSE:IOT)

Bryce Point Capital LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,149 shares of the company's stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in shares of Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC bought a new stake in Samsara during the 3rd quarter worth approximately $34,000. IFP Advisors Inc raised its position in 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 last quarter. Continuum Advisory LLC grew its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Samsara in the fourth quarter valued at $45,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IOT. Truist Financial reduced their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a research note on Monday, February 3rd. They set a "hold" rating and a $57.00 price target on the stock. Piper Sandler dropped their price objective on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday. Cowen reiterated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Finally, 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 note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.20.

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Insider Buying and Selling at Samsara

In other Samsara news, insider Dominic Phillips sold 21,157 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total transaction of $811,794.09. Following the completion of the transaction, the insider now owns 638,642 shares in the company, valued at approximately $24,504,693.54. This represents a 3.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares of the company's stock, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,484,276 shares of company stock valued at $64,741,770. Company insiders own 60.04% of the company's stock.

Samsara Price Performance

Shares of NYSE IOT traded up $5.33 during midday trading on Wednesday, reaching $39.49. 8,078,366 shares of the stock were exchanged, compared to its average volume of 3,758,651. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of -84.02 and a beta of 1.71. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The business has a 50-day simple moving average of $44.79 and a two-hundred day simple moving average of $47.25.

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.