Trexquant Investment LP Purchases Shares of 34,462 Samsara Inc. (NYSE:IOT)

Trexquant Investment LP purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 34,462 shares of the company's stock, valued at approximately $1,506,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IOT. Jones Financial Companies Lllp acquired a new stake in shares of Samsara during the fourth quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new position in Samsara during the third quarter worth approximately $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 worth $35,000 after buying an additional 598 shares during the period. Continuum Advisory LLC boosted its holdings 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, National Bank of Canada FI purchased a new position in shares of Samsara during the fourth quarter worth approximately $45,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Samsara news, insider Adam Eltoukhy sold 3,903 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.07, for a total value of $132,975.21. Following the transaction, the insider now directly owns 320,936 shares in the company, valued at approximately $10,934,289.52. This represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dominic Phillips sold 20,801 shares of Samsara stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the sale, the insider now owns 755,001 shares of the company's stock, valued at approximately $38,482,400.97. This trade represents a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,639 shares of company stock worth $64,355,489 over the last three months. 60.04% of the stock is currently owned by corporate insiders.

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Samsara Stock Up 4.1 %

Shares of Samsara stock traded up $1.52 during trading on Tuesday, hitting $38.77. 802,762 shares of the company were exchanged, compared to its average volume of 3,756,680. The firm has a 50 day moving average price of $43.88 and a 200 day moving average price of $47.00. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of -82.41 and a beta of 1.71. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Analyst Upgrades and Downgrades

Several analysts recently commented on IOT shares. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They set a "hold" rating and a $57.00 target price for the company. 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 research note on Monday, March 10th. Wells Fargo & Company decreased their price objective on Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Finally, Royal Bank of Canada dropped their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Nine investment 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, the company has a consensus rating of "Moderate Buy" and an average price target of $49.20.

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.