Guggenheim Capital LLC Acquires Shares of 6,721 Samsara Inc. (NYSE:IOT)

Guggenheim Capital LLC bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,721 shares of the company's stock, valued at approximately $294,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Samsara by 163.2% during the 3rd quarter. Barclays PLC now owns 412,066 shares of the company's stock worth $19,829,000 after buying an additional 255,532 shares during the period. Virtu Financial LLC acquired a new position in Samsara during the third quarter worth $1,689,000. Wilmington Savings Fund Society FSB purchased a new position in Samsara during the third quarter valued at $546,000. Franklin Resources Inc. acquired a new stake in shares of Samsara in the third quarter valued at about $10,868,000. Finally, Lord Abbett & CO. LLC increased its stake in shares of Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after purchasing an additional 1,777,757 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Performance

Shares of Samsara stock traded up $0.80 on Thursday, reaching $40.46. The company had a trading volume of 1,371,709 shares, compared to its average volume of 3,756,742. The firm has a market cap of $23.03 billion, a PE ratio of -86.11 and a beta of 1.71. The firm's 50 day moving average price is $39.52 and its two-hundred day moving average price is $46.21. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.

Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. Morgan Stanley cut their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Craig Hallum restated a "hold" rating on shares of Samsara in a report on Friday, March 7th. Truist Financial dropped their target price 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. Royal Bank of Canada decreased their price target on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, Berenberg Bank began coverage on shares of Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and a consensus price target of $48.87.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 9,043 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the transaction, the insider now owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00. Following the completion of the sale, the insider now owns 102,000 shares in the company, valued at approximately $3,566,940. The trade was a 61.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,243,232 shares of company stock worth $49,935,075 over the last ninety days. Corporate insiders own 60.04% of the company's stock.

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.