Samsara Inc. (NYSE:IOT) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its stake in Samsara Inc. (NYSE:IOT - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,035,676 shares of the company's stock after selling 759,277 shares during the period. Artisan Partners Limited Partnership owned approximately 0.36% of Samsara worth $88,939,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IOT. Jones Financial Companies Lllp purchased a new position in shares of Samsara in the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC purchased a new position in Samsara during the third quarter worth $34,000. IFP Advisors Inc increased its position in Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after acquiring an additional 598 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after acquiring an additional 250 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Stock Up 0.3 %

Shares of NYSE IOT traded up $0.10 during midday trading on Tuesday, reaching $38.43. 1,571,371 shares of the company's stock traded hands, compared to its average volume of 3,576,949. The company has a market cap of $21.57 billion, a price-to-earnings ratio of -81.83 and a beta of 1.63. The stock's 50 day simple moving average is $47.23 and its 200-day simple moving average is $47.99. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

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Insiders Place Their Bets

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 94,020 shares of Samsara stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $42.68, for a total transaction of $4,012,773.60. Following the completion of the transaction, the insider now directly owns 114,000 shares in the company, valued at approximately $4,865,520. The trade was a 45.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,607,296 shares of company stock worth $70,334,047 over the last 90 days. Company insiders own 60.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IOT. Craig Hallum reiterated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Piper Sandler upgraded Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price target on the stock in a report on Monday, March 10th. Berenberg Bank started coverage on Samsara in a research note on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Royal Bank of Canada cut their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of "Moderate Buy" and a consensus price target 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.