Arrowstreet Capital Limited Partnership increased its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 107.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,143,855 shares of the company's stock after buying an additional 2,148,081 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.74% of Samsara worth $181,045,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new position in Samsara in the 4th quarter valued at $31,000. Hobbs Group Advisors LLC purchased a new stake in Samsara in the 3rd quarter valued at approximately $34,000. IFP Advisors Inc increased its position 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 during the period. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after buying an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after buying an additional 635 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.
Samsara Trading Down 10.5 %
NYSE:IOT traded down $3.99 on Thursday, reaching $34.01. The stock had a trading volume of 6,814,213 shares, compared to its average volume of 3,611,018. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock has a market cap of $19.09 billion, a P/E ratio of -71.09 and a beta of 1.63. The company has a 50-day moving average of $46.86 and a 200 day moving average of $47.86.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price for the company. Piper Sandler raised shares of Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 target price for the company in a report on Monday, March 10th. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Monday, March 10th. Wells Fargo & Company decreased their target price on Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.60.
Check Out Our Latest Report on Samsara
Insider Buying and Selling at Samsara
In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Eltoukhy sold 3,903 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares in the company, 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. Insiders sold a total of 1,628,453 shares of company stock worth $71,145,841 in the last 90 days. 60.04% of the stock is owned by corporate insiders.
Samsara Profile
(
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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