PDT Partners LLC Acquires 8,900 Shares of Samsara Inc. (NYSE:IOT)

PDT Partners LLC lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,159 shares of the company's stock after buying an additional 8,900 shares during the quarter. Samsara makes up about 0.5% of PDT Partners LLC's holdings, making the stock its 27th biggest holding. PDT Partners LLC's holdings in Samsara were worth $5,119,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IOT. Schonfeld Strategic Advisors LLC bought a new stake in Samsara in the fourth quarter worth $2,923,000. AQR Capital Management LLC raised its position in shares of Samsara by 54.8% in the 4th quarter. AQR Capital Management LLC now owns 1,042,934 shares of the company's stock worth $45,566,000 after purchasing an additional 369,169 shares during the last quarter. Northern Trust Corp boosted its stake in Samsara by 27.8% in the 4th quarter. Northern Trust Corp now owns 788,606 shares of the company's stock worth $34,454,000 after purchasing an additional 171,486 shares in the last quarter. Mission Creek Capital Partners Inc. bought a new position in Samsara in the 4th quarter worth about $16,128,000. Finally, Oxford Asset Management LLP purchased a new stake in Samsara during the 4th quarter valued at about $700,000. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IOT has been the topic of several analyst reports. Truist Financial dropped their target price 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. Cowen reaffirmed a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price for the company. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a report on Friday, March 7th. Finally, Piper Sandler dropped their price objective on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.87.

Insider Activity

In other news, insider Sanjit Biswas sold 85,291 shares of Samsara stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the transaction, the insider now directly owns 132,000 shares of the company's stock, valued at $7,299,600. The trade was a 39.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 3,903 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares of the company's stock, valued at $10,934,289.52. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,243,232 shares of company stock valued at $49,935,075 in the last 90 days. Company insiders own 60.04% of the company's stock.

Samsara Trading Up 0.9 %

IOT stock traded up $0.36 during midday trading on Thursday, reaching $40.02. 2,185,174 shares of the company's stock traded hands, compared to its average volume of 3,761,433. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The stock has a market cap of $22.78 billion, a P/E ratio of -85.15 and a beta of 1.71. The stock's 50-day moving average is $39.31 and its 200 day moving average is $46.14.

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.