Samsara Inc. (NYSE:IOT) Major Shareholder Horowitz Lsv Fund I. Andreessen Sells 292,931 Shares

Samsara Inc. (NYSE:IOT) major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Samsara Stock Performance

IOT opened at $37.14 on Friday. The company has a market capitalization of $20.84 billion, a P/E ratio of -79.02 and a beta of 1.63. The company has a 50-day moving average of $48.42 and a 200-day moving average of $48.12. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently bought and sold shares of IOT. Farther Finance Advisors LLC grew its position in shares of Samsara by 77.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $91,000 after acquiring an additional 821 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Samsara by 2.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 78,287 shares of the company’s stock worth $3,767,000 after purchasing an additional 2,114 shares during the period. Baillie Gifford & Co. increased its stake in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Samsara by 100.4% during the third quarter. Rakuten Securities Inc. now owns 46,903 shares of the company’s stock worth $2,257,000 after purchasing an additional 23,495 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Samsara by 4.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 376,283 shares of the company’s stock worth $18,107,000 after buying an additional 16,528 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IOT shares. Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday. Craig Hallum reiterated a “hold” rating on shares of Samsara in a report on Friday, March 7th. Finally, Loop Capital raised their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nine have given 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 price target of $49.60.

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.