Marshall Wace LLP Makes New $12.29 Million Investment in Samsara Inc. (NYSE:IOT)

Marshall Wace LLP bought a new position in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 281,248 shares of the company's stock, valued at approximately $12,288,000. Marshall Wace LLP owned about 0.05% of Samsara as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IOT. NewEdge Advisors LLC raised its stake in Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after buying an additional 414 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Samsara during the fourth quarter valued at $31,000. 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. National Bank of Canada FI bought a new position in Samsara in the fourth quarter valued at about $45,000. Finally, UMB Bank n.a. boosted its position in Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock worth $72,000 after purchasing an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James started coverage on shares of Samsara in a report on Wednesday, February 26th. They issued a "market perform" rating on the stock. Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Piper Sandler decreased their target price on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research report on Monday, March 10th. Finally, Truist Financial lowered their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $48.87.

Insider Activity at Samsara

In related news, insider John Bicket sold 107,152 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the completion of the sale, the insider now directly owns 138,000 shares in the company, valued at $7,055,940. This trade represents a 43.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the transaction, the insider now owns 102,000 shares in the company, valued at $3,566,940. This trade represents a 61.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,350,384 shares of company stock valued at $55,413,757. Insiders own 60.04% of the company's stock.

Samsara Stock Performance

IOT stock traded up $0.21 during trading on Friday, hitting $39.43. 2,163,173 shares of the company's stock traded hands, compared to its average volume of 3,770,896. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. The business has a fifty day simple moving average of $40.90 and a 200 day simple moving average of $46.48.

Samsara Company 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.