281,248 Shares in Samsara Inc. (NYSE:IOT) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 281,248 shares of the company's stock, valued at approximately $12,288,000. Marshall Wace LLP owned approximately 0.05% of Samsara at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares during the period. Jordan Park Trust Co LLC acquired a new stake in shares of Samsara during the 4th quarter valued at about $112,041,000. Norges Bank acquired a new position in Samsara in the fourth quarter worth approximately $106,274,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after purchasing an additional 2,148,081 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock valued at $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 NYSE:IOT traded up $0.21 on Friday, hitting $39.43. The stock had a trading volume of 2,163,173 shares, compared to its average volume of 3,776,769. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of -83.89 and a beta of 1.71. The firm's 50 day moving average price is $40.47 and its 200-day moving average price is $46.38. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

Insider Buying and Selling at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the sale, the insider now owns 102,000 shares of the company's stock, valued at $3,566,940. This represents a 61.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 9,043 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now directly owns 331,106 shares of the company's stock, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,350,384 shares of company stock worth $55,413,757 over the last ninety days. Corporate insiders own 60.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a report on Monday, March 10th. Piper Sandler reduced their price objective on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley dropped their target price 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. Wells Fargo & Company lowered their price target on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Truist Financial decreased their target price on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $48.87.

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.