Graham Capital Management L.P. Acquires 24,877 Shares of Samsara Inc. (NYSE:IOT)

Graham Capital Management L.P. increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 224.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,943 shares of the company's stock after buying an additional 24,877 shares during the period. Graham Capital Management L.P.'s holdings in Samsara were worth $1,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IOT. Vanguard Group Inc. grew its holdings in Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after purchasing an additional 863,197 shares during the last quarter. FMR LLC boosted its position in shares of Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after acquiring an additional 2,852,575 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after acquiring an additional 2,148,081 shares during the period. Invesco Ltd. boosted its position in shares of Samsara by 13.7% in the fourth quarter. Invesco Ltd. now owns 3,476,945 shares of the company's stock valued at $151,908,000 after acquiring an additional 419,163 shares during the period. Finally, Amundi boosted its position in shares of Samsara by 22.2% in the fourth quarter. Amundi now owns 3,013,265 shares of the company's stock valued at $133,126,000 after acquiring an additional 547,390 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Stock Performance

Shares of NYSE IOT traded down $0.69 during midday trading on Thursday, reaching $47.05. 1,974,562 shares of the company traded hands, compared to its average volume of 3,748,212. The firm has a market cap of $26.79 billion, a PE ratio of -100.11 and a beta of 1.70. The stock's 50-day simple moving average is $39.29 and its 200-day simple moving average is $45.82. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 118,589 shares of Samsara stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.15, for a total value of $5,828,649.35. Following the completion of the transaction, the insider now directly owns 126,000 shares of the company's stock, valued at $6,192,900. The trade was a 48.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of Samsara 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,239,721 shares of company stock valued at $48,223,793. 60.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IOT has been the subject of several research reports. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Craig Hallum reissued a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Wells Fargo & Company reduced their price objective on 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 research report on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, Cowen reaffirmed a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.47.

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.