Mission Creek Capital Partners Inc. acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 369,137 shares of the company's stock, valued at approximately $16,128,000. Samsara makes up approximately 3.2% of Mission Creek Capital Partners Inc.'s holdings, making the stock its 3rd biggest position. Mission Creek Capital Partners Inc. owned 0.07% of Samsara at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Oxford Asset Management LLP bought a new stake in Samsara in the 4th quarter worth approximately $700,000. Science & Technology Partners L.P. purchased a new position in shares of Samsara during the fourth quarter worth approximately $22,015,000. Voya Investment Management LLC lifted its holdings in shares of Samsara by 17.7% in the 4th quarter. Voya Investment Management LLC now owns 1,691,093 shares of the company's stock worth $73,884,000 after acquiring an additional 254,754 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of Samsara in the 4th quarter valued at $5,950,000. Finally, Quantessence Capital LLC bought a new position in shares of Samsara during the 4th quarter valued at $574,000. 96.02% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. BMO Capital Markets upgraded shares of 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. Morgan Stanley dropped their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Raymond James started coverage on Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating on the stock. Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company decreased their target price on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $48.87.
Check Out Our Latest Stock Report on Samsara
Samsara Price Performance
IOT stock opened at $39.43 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm has a 50-day moving average of $40.47 and a 200 day moving average of $46.41. The company has a market cap of $22.45 billion, a P/E ratio of -83.89 and a beta of 1.71.
Insiders Place Their Bets
In related news, insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50. Following the sale, the insider now directly owns 1,571,848 shares in the company, valued at $87,630,526. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 1,350,384 shares of company stock worth $55,413,757. Company insiders own 60.04% of the company's stock.
Samsara Company Profile
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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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