Worldquant Millennium Advisors LLC Sells 30,538 Shares of Samsara Inc. (NYSE:IOT)

Worldquant Millennium Advisors LLC trimmed its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,082 shares of the company's stock after selling 30,538 shares during the period. Worldquant Millennium Advisors LLC's holdings in Samsara were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GLOBALT Investments LLC GA lifted its position in shares of Samsara by 0.3% during the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock valued at $2,444,000 after purchasing an additional 182 shares in the last quarter. Tidal Investments LLC grew its stake in Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after buying an additional 281 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after acquiring an additional 300 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Samsara by 11.6% in the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock worth $210,000 after acquiring an additional 498 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Stock Performance

Shares of Samsara stock traded down $0.39 on Wednesday, hitting $46.40. 438,177 shares of the company traded hands, compared to its average volume of 3,737,754. The stock has a market capitalization of $26.42 billion, a P/E ratio of -98.64 and a beta of 1.70. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The business has a 50-day simple moving average of $40.63 and a 200 day simple moving average of $45.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IOT shares. Royal Bank of Canada lowered their price target on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Truist Financial lowered their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and set a $53.00 price target (up from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Samsara from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and ten 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 $49.47.

Insider Activity at Samsara

In other Samsara news, insider Sanjit Biswas sold 54,457 shares of Samsara stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $47.33, for a total transaction of $2,577,449.81. Following the completion of the transaction, the insider now directly owns 90,000 shares of the company's stock, valued at $4,259,700. The trade was a 37.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,442,089 shares of company stock valued at $57,323,475. 60.04% of the stock is owned by corporate insiders.

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.