Mission Creek Capital Partners Inc. Buys New Position in Samsara Inc. (NYSE:IOT)

Mission Creek Capital Partners Inc. purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 369,137 shares of the company's stock, valued at approximately $16,128,000. Samsara accounts for about 3.2% of Mission Creek Capital Partners Inc.'s investment portfolio, making the stock its 3rd biggest holding. Mission Creek Capital Partners Inc. owned about 0.07% of Samsara at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after acquiring an additional 414 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Samsara during the fourth quarter valued at approximately $31,000. IFP Advisors Inc increased its position in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares during the period. National Bank of Canada FI bought a new stake in shares of Samsara during the 4th quarter valued at $45,000. Finally, UMB Bank n.a. increased its holdings in shares of Samsara by 62.1% during the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after acquiring an additional 635 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Royal Bank of Canada reduced their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Truist Financial reduced their price target on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company dropped their price objective on Samsara from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.87.

Insider Activity at Samsara

In related news, insider Dominic Phillips sold 20,801 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the completion of the sale, the insider now owns 755,001 shares in the company, valued at $38,482,400.97. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total transaction of $871,200.00. Following the sale, the director now owns 373,579 shares of the company's stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,243,232 shares of company stock valued at $49,935,075 over the last 90 days. 60.04% of the stock is owned by corporate insiders.

Samsara Stock Up 4.1 %

Samsara stock traded up $1.62 during mid-day trading on Friday, reaching $41.67. 1,467,013 shares of the company's stock were exchanged, compared to its average volume of 3,752,448. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The company has a fifty day moving average of $39.31 and a 200-day moving average of $46.14. The company has a market cap of $23.73 billion, a P/E ratio of -88.67 and a beta of 1.71.

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.