Dimensional Fund Advisors LP Purchases 34,805 Shares of Samsara Inc. (NYSE:IOT)

Dimensional Fund Advisors LP lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 358,920 shares of the company's stock after purchasing an additional 34,805 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Samsara worth $15,682,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IOT. NewEdge Advisors LLC grew its holdings in Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Samsara during the 4th quarter valued at about $31,000. IFP Advisors Inc boosted its stake in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after purchasing an additional 598 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Samsara during the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. boosted its stake in shares of Samsara by 62.1% during the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock valued at $72,000 after purchasing an additional 635 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Stock Performance

IOT stock traded up $1.98 during trading on Monday, hitting $45.28. 3,136,956 shares of the company's stock traded hands, compared to its average volume of 3,758,470. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The business has a fifty day simple moving average of $38.66 and a 200 day simple moving average of $45.82. The stock has a market capitalization of $25.78 billion, a price-to-earnings ratio of -96.34 and a beta of 1.70.

Insider Buying and Selling at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the transaction, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,338,098 shares of company stock worth $53,669,929 over the last 90 days. 60.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research reports. Truist Financial cut 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. Royal Bank of Canada decreased their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a report on Friday, March 7th. 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. Raymond James initiated coverage on shares of Samsara in a report on Wednesday, February 26th. They set a "market perform" rating for the company. Finally, Piper Sandler cut their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.