6,304 Shares in Samsara Inc. (NYSE:IOT) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in shares of Samsara Inc. (NYSE:IOT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,304 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Samsara in the 4th quarter worth about $31,000. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the 3rd quarter valued at about $34,000. IFP Advisors Inc grew its position 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 buying an additional 598 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the last quarter. Finally, UMB Bank n.a. grew its position 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 buying an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Transactions at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the sale, the insider now directly owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,520,643 shares of company stock valued at $67,197,394. Company insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IOT. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Monday, March 10th. Royal Bank of Canada reduced their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Samsara Trading Down 2.2 %

Shares of NYSE:IOT opened at $38.10 on Wednesday. The company has a 50 day moving average of $48.05 and a 200-day moving average of $48.15. The firm has a market cap of $21.38 billion, a P/E ratio of -81.06 and a beta of 1.63. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

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.