Andar Capital Management HK Ltd acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,000 shares of the company's stock, valued at approximately $3,058,000. Samsara accounts for about 3.9% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 10th biggest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in IOT. Victory Capital Management Inc. increased its holdings in Samsara by 12.6% during the 3rd quarter. Victory Capital Management Inc. now owns 67,851 shares of the company's stock valued at $3,265,000 after purchasing an additional 7,613 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Samsara in the 3rd quarter worth approximately $1,180,000. KBC Group NV increased its stake in shares of Samsara by 103.9% during the third quarter. KBC Group NV now owns 24,243 shares of the company's stock valued at $1,167,000 after buying an additional 12,356 shares during the period. CIBC Asset Management Inc bought a new position in shares of Samsara during the third quarter valued at approximately $264,000. Finally, Empowered Funds LLC increased its position in Samsara by 55.1% during the 3rd quarter. Empowered Funds LLC now owns 9,750 shares of the company's stock valued at $469,000 after purchasing an additional 3,463 shares during the period. Institutional investors own 96.02% of the company's stock.
Samsara Stock Performance
Shares of IOT stock traded up $0.77 during trading hours on Friday, reaching $40.26. The company had a trading volume of 7,499,106 shares, compared to its average volume of 3,546,326. The business has a fifty day moving average price of $47.80 and a 200-day moving average price of $48.09. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The firm has a market cap of $22.59 billion, a PE ratio of -85.65 and a beta of 1.63.
Analyst Ratings Changes
IOT has been the topic of several recent research reports. 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. Wells Fargo & Company decreased their price target on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating on the stock. Truist Financial decreased their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.60.
Read Our Latest Analysis on IOT
Insider Buying and Selling at Samsara
In other news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the transaction, the director now owns 396,079 shares in the company, valued at $17,970,104.23. This represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was 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 1,573,317 shares of company stock worth $69,108,479. Insiders own 60.04% of the company's stock.
About Samsara
(
Free Report)
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.
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