Samsara Inc. (NYSE:IOT) Major Shareholder Horowitz Lsv Fund I. Andreessen Sells 292,931 Shares of Stock

Samsara Inc. (NYSE:IOT) major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Samsara Stock Performance

Samsara stock opened at $38.02 on Thursday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm has a 50 day moving average price of $48.56 and a 200 day moving average price of $48.20. The company has a market capitalization of $21.33 billion, a PE ratio of -80.88 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IOT shares. Raymond James started coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a “market perform” rating on the stock. Truist Financial decreased 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. Craig Hallum reissued a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Loop Capital lifted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Institutional Trading of Samsara

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Samsara in the 4th quarter valued at approximately $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the third quarter worth $34,000. 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 acquiring an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Samsara in the fourth quarter worth $38,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.