AQR Capital Management LLC Boosts Position in Samsara Inc. (NYSE:IOT)

AQR Capital Management LLC lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 54.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,042,934 shares of the company's stock after acquiring an additional 369,169 shares during the period. AQR Capital Management LLC owned approximately 0.19% of Samsara worth $45,566,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IOT. GLOBALT Investments LLC GA lifted its stake in Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock valued at $2,444,000 after acquiring an additional 182 shares during the period. CIBC Asset Management Inc grew its position in shares of Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after acquiring an additional 300 shares during the period. NewEdge Advisors LLC increased its stake in shares of Samsara by 262.0% in 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. abrdn plc raised its holdings in Samsara by 11.6% in the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock worth $210,000 after purchasing an additional 498 shares during the period. Finally, Wellington Management Group LLP boosted its position in Samsara by 7.3% during the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock worth $373,000 after purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Transactions at Samsara

In other news, insider Dominic Phillips sold 20,534 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $40.40, for a total transaction of $829,573.60. Following the completion of the transaction, the insider now directly owns 903,508 shares of the company's stock, valued at $36,501,723.20. This trade represents a 2.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sanjit Biswas sold 85,291 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the completion of the transaction, the insider now directly owns 132,000 shares of the company's stock, valued at $7,299,600. The trade was a 39.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,242,965 shares of company stock worth $49,704,422. Company insiders own 60.04% of the company's stock.

Samsara Trading Up 0.2 %

Shares of NYSE IOT traded up $0.09 during midday trading on Tuesday, reaching $41.45. 2,188,491 shares of the company were exchanged, compared to its average volume of 3,750,690. The stock has a market cap of $23.60 billion, a P/E ratio of -88.19 and a beta of 1.70. The stock has a fifty day simple moving average of $38.96 and a 200 day simple moving average of $45.97. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of research reports. Truist Financial decreased their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Morgan Stanley reduced their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Raymond James began coverage on Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating for the company. Piper Sandler lowered their price objective on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Berenberg Bank assumed coverage on shares of Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $48.87.

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.