Laurion Capital Management LP Acquires 11,999 Shares of Samsara Inc. (NYSE:IOT)

Laurion Capital Management LP grew its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 120.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,999 shares of the company's stock after acquiring an additional 11,999 shares during the quarter. Laurion Capital Management LP's holdings in Samsara were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC grew its position in Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Jordan Park Trust Co LLC acquired a new position in shares of Samsara during the fourth quarter valued at about $112,041,000. Norges Bank bought a new stake in shares of Samsara in the fourth quarter valued at about $106,274,000. Arrowstreet Capital Limited Partnership grew its position in Samsara by 107.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after buying an additional 2,148,081 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Samsara by 577.7% during the fourth quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company's stock valued at $63,736,000 after acquiring an additional 1,243,561 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Trading Down 1.4%

NYSE IOT traded down $0.69 during trading hours on Thursday, reaching $47.05. 1,974,562 shares of the company's stock were exchanged, compared to its average volume of 3,749,802. The firm has a fifty day moving average of $39.04 and a 200-day moving average of $45.82. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The stock has a market cap of $26.79 billion, a PE ratio of -100.11 and a beta of 1.70.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at approximately $17,839,991.28. This trade represents a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,239,721 shares of company stock valued at $48,223,793. 60.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a report on Friday, March 7th. Berenberg Bank assumed coverage on shares of Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 target price on the stock. Finally, Raymond James assumed coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $49.47.

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.