503,900 Shares in Samsara Inc. (NYSE:IOT) Purchased by Science & Technology Partners L.P.

Science & Technology Partners L.P. purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 503,900 shares of the company's stock, valued at approximately $22,015,000. Samsara accounts for 6.7% of Science & Technology Partners L.P.'s portfolio, making the stock its 7th biggest holding. Science & Technology Partners L.P. owned about 0.09% of Samsara at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew 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 purchasing an additional 414 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Samsara during the 4th quarter valued at approximately $31,000. IFP Advisors Inc grew its position in shares of 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 in the last quarter. National Bank of Canada FI bought a new stake in shares of Samsara in the fourth quarter worth $45,000. Finally, UMB Bank n.a. raised its holdings in Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after acquiring an additional 635 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Stock Down 0.5 %

NYSE IOT traded down $0.21 on Tuesday, hitting $39.60. The stock had a trading volume of 692,121 shares, compared to its average volume of 4,231,223. The company's 50-day moving average is $40.09 and its two-hundred day moving average is $46.31. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of -84.24 and a beta of 1.71. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IOT shares. Morgan Stanley dropped their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Berenberg Bank initiated coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective for the company. Piper Sandler reduced 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. Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating on the stock. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.87.

Insider Buying and Selling

In other news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the transaction, the director now owns 373,579 shares of the company's stock, valued at approximately $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 102,000 shares of the company's stock, valued at $3,566,940. This represents a 61.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,243,232 shares of company stock valued at $49,935,075 in the last three months. 60.04% of the stock is currently owned by corporate insiders.

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.