503,900 Shares in Samsara Inc. (NYSE:IOT) Bought by Science & Technology Partners L.P.

Science & Technology Partners L.P. purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 503,900 shares of the company's stock, valued at approximately $22,015,000. Samsara comprises approximately 6.7% of Science & Technology Partners L.P.'s portfolio, making the stock its 7th biggest holding. Science & Technology Partners L.P. owned approximately 0.09% of Samsara as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after buying an additional 414 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Samsara during the fourth quarter valued at about $31,000. IFP Advisors Inc boosted its holdings in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the period. National Bank of Canada FI bought a new stake in shares of Samsara in the fourth quarter worth about $45,000. Finally, UMB Bank n.a. increased its holdings in Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after purchasing an additional 635 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IOT shares. Berenberg Bank initiated coverage on shares of Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price objective on the stock. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Wells Fargo & Company reduced their target price on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Morgan Stanley decreased their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Samsara presently has a consensus rating of "Moderate Buy" and an average price target of $48.87.

Insiders Place Their Bets

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 3,903 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the sale, the insider now owns 320,936 shares of the company's stock, valued at approximately $10,934,289.52. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,350,384 shares of company stock valued at $55,413,757. 60.04% of the stock is owned by insiders.

Samsara Stock Up 0.5 %

Shares of Samsara stock traded up $0.21 on Friday, reaching $39.43. The company's stock had a trading volume of 2,163,173 shares, compared to its average volume of 3,776,769. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm's fifty day simple moving average is $40.47 and its two-hundred day simple moving average is $46.41.

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.