Alyeska Investment Group L.P. Takes Position in Samsara Inc. (NYSE:IOT)

Alyeska Investment Group L.P. purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,608 shares of the company's stock, valued at approximately $463,000.

Other hedge funds also recently made changes to their positions in the company. Altimeter Capital Management LP raised its stake in Samsara by 0.4% during the 4th quarter. Altimeter Capital Management LP now owns 1,458,148 shares of the company's stock valued at $63,706,000 after acquiring an additional 5,215 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Samsara by 269.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,698 shares of the company's stock valued at $730,000 after buying an additional 12,176 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Samsara by 52.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 52,463 shares of the company's stock worth $2,292,000 after buying an additional 17,983 shares in the last quarter. Triumph Capital Management lifted its position in Samsara by 36.0% in the fourth quarter. Triumph Capital Management now owns 13,600 shares of the company's stock worth $594,000 after purchasing an additional 3,600 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Samsara during the fourth quarter valued at about $104,000. Institutional investors own 96.02% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the sale, the insider now directly owns 1,571,848 shares in the company, valued at approximately $87,630,526. This trade represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,338,098 shares of company stock valued at $53,669,929 in the last quarter. Insiders own 60.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IOT shares. Wells Fargo & Company reduced their price objective on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Raymond James began coverage on Samsara in a report on Wednesday, February 26th. They issued a "market perform" rating on the stock. Truist Financial reduced 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. Cowen reaffirmed a "buy" rating on shares of Samsara in a report on Friday, March 7th. Finally, Berenberg Bank initiated coverage on shares of Samsara in a research note on Monday, February 3rd. They set a "hold" rating and a $57.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.87.

Samsara Stock Up 4.4%

Shares of NYSE:IOT traded up $1.92 during trading on Monday, reaching $45.22. The stock had a trading volume of 779,981 shares, compared to its average volume of 4,039,435. The stock has a fifty day simple moving average of $38.66 and a two-hundred day simple moving average of $45.82. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of -96.21 and a beta of 1.70. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90.

Samsara 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.