Samsara Inc. (NYSE:IOT) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Samsara Inc. (NYSE:IOT - Free Report) by 90.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,307,400 shares of the company's stock after buying an additional 620,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.23% of Samsara worth $57,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Samsara in the 4th quarter valued at about $431,000. Charles Schwab Investment Management Inc. increased its stake in shares of Samsara by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after purchasing an additional 47,911 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Samsara by 101.4% during the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after buying an additional 65,028 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Samsara by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after buying an additional 178,102 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock worth $916,555,000 after buying an additional 863,197 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Price Performance

IOT stock opened at $47.66 on Tuesday. The firm has a market cap of $27.13 billion, a PE ratio of -101.40 and a beta of 1.70. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The firm has a 50 day simple moving average of $39.72 and a 200 day simple moving average of $45.78.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 21,735 shares of Samsara stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $42.98, for a total value of $934,170.30. Following the transaction, the insider now directly owns 985,789 shares in the company, valued at $42,369,211.22. The trade was a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Eltoukhy sold 31,042 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.89, for a total value of $1,114,097.38. Following the sale, the insider now directly owns 331,106 shares of the company's stock, valued at approximately $11,883,394.34. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,239,721 shares of company stock valued at $48,223,793. Corporate insiders own 60.04% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered 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. Piper Sandler reaffirmed an "overweight" rating and issued a $53.00 price objective (up previously from $44.00) on shares of Samsara in a report on Wednesday, May 14th. BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research note on Monday, March 10th. Finally, Craig Hallum restated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and an average price target of $49.47.

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.

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