Renaissance Technologies LLC raised its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 764,300 shares of the company's stock after acquiring an additional 178,102 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Samsara worth $33,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of IOT. FMR LLC increased its position in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Jordan Park Trust Co LLC purchased a new position in Samsara during the fourth quarter worth $112,041,000. Norges Bank bought a new position in Samsara during the fourth quarter valued at $106,274,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after acquiring an additional 2,148,081 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after acquiring an additional 1,777,757 shares during the last quarter. Institutional investors own 96.02% of the company's stock.
Analyst Ratings Changes
IOT has been the subject of several analyst reports. Piper Sandler decreased their price objective on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their target price on Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Truist Financial decreased their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Finally, Raymond James assumed coverage on Samsara in a report on Wednesday, February 26th. They set a "market perform" rating on the stock. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.20.
Check Out Our Latest Stock Analysis on IOT
Samsara Stock Performance
Shares of NYSE IOT traded up $1.41 during mid-day trading on Tuesday, hitting $38.66. The stock had a trading volume of 3,029,192 shares, compared to its average volume of 3,765,249. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a market cap of $22.01 billion, a PE ratio of -82.26 and a beta of 1.71. The company has a 50 day moving average of $43.88 and a two-hundred day moving average of $47.00.
Insider Buying and Selling at Samsara
In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the sale, the insider now owns 320,936 shares of the company's stock, valued at $10,934,289.52. The trade was a 1.20 % decrease in their position. The sale 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 business's stock in a transaction dated 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. Over the last three months, insiders have sold 1,506,639 shares of company stock valued at $64,355,489. Company insiders own 60.04% of the company's stock.
Samsara Company 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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