Quantessence Capital LLC Purchases Shares of 13,130 Samsara Inc. (NYSE:IOT)

Quantessence Capital LLC acquired a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,130 shares of the company's stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after buying an additional 414 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Samsara during the fourth quarter worth about $31,000. IFP Advisors Inc grew its stake in shares of Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the last quarter. National Bank of Canada FI purchased a new stake in Samsara in the 4th quarter worth approximately $45,000. Finally, UMB Bank n.a. increased its stake 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 buying an additional 635 shares during the period. Institutional investors own 96.02% of the company's stock.

Samsara Stock Down 0.6 %

NYSE IOT traded down $0.25 during trading on Monday, hitting $39.17. 776,170 shares of the stock traded hands, compared to its average volume of 3,765,039. The company has a market capitalization of $22.30 billion, a P/E ratio of -83.16 and a beta of 1.71. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a 50-day simple moving average of $40.47 and a 200-day simple moving average of $46.38.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction 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 transaction, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. Insiders sold 1,350,384 shares of company stock worth $55,413,757 over the last 90 days. 60.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Truist Financial lowered 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. Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price objective for the company. Finally, Royal Bank of Canada reduced their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Samsara presently has an average rating of "Moderate Buy" and an average price target of $48.87.

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.