Bridgewater Associates LP Has $1.09 Million Stock Holdings in Samsara Inc. (NYSE:IOT)

Bridgewater Associates LP decreased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 48.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,855 shares of the company's stock after selling 23,099 shares during the period. Bridgewater Associates LP's holdings in Samsara were worth $1,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GLOBALT Investments LLC GA raised its position in shares of 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 last quarter. CIBC Asset Management Inc raised 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 last quarter. Wellington Management Group LLP raised its position in shares of Samsara by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock valued at $383,000 after acquiring an additional 388 shares during the last quarter. abrdn plc raised its position in shares of Samsara by 11.6% during the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock valued at $210,000 after acquiring an additional 498 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after acquiring an additional 598 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at Samsara

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.72, for a total value of $871,200.00. Following the transaction, the director now directly owns 373,579 shares of the company's stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 directly owns 102,000 shares in the company, valued at approximately $3,566,940. This represents a 61.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,350,384 shares of company stock valued at $55,413,757 in the last three months. 60.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IOT has been the subject of a number of recent analyst reports. 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. Wells Fargo & Company reduced their target price on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday. Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price for the company. Royal Bank of Canada reduced their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, Raymond James initiated coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a "market perform" rating for the company. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Samsara currently has an average rating of "Moderate Buy" and an average price target of $48.87.

Samsara Stock Performance

NYSE:IOT traded up $1.93 during mid-day trading on Thursday, hitting $39.15. The stock had a trading volume of 1,145,384 shares, compared to its average volume of 4,302,029. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of -83.34 and a beta of 1.71. The company's 50 day simple moving average is $41.30 and its 200 day simple moving average is $46.53.

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.