70,000 Shares in Samsara Inc. (NYSE:IOT) Bought by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd bought a new position in shares of Samsara Inc. (NYSE:IOT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,000 shares of the company’s stock, valued at approximately $3,058,000. Samsara comprises approximately 3.9% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 10th largest holding.

Several other large investors have also bought and sold shares of the stock. Xponance Inc. raised its position in Samsara by 38.9% during the 4th quarter. Xponance Inc. now owns 13,356 shares of the company’s stock worth $584,000 after purchasing an additional 3,742 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Samsara during the 4th quarter worth about $275,000. GLOBALT Investments LLC GA grew its holdings in Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock worth $2,444,000 after acquiring an additional 182 shares during the period. Choate Investment Advisors grew its holdings in Samsara by 67.8% during the 4th quarter. Choate Investment Advisors now owns 11,777 shares of the company’s stock worth $515,000 after acquiring an additional 4,757 shares during the period. Finally, Left Brain Wealth Management LLC acquired a new stake in Samsara during the 4th quarter worth about $306,000. 96.02% of the stock is owned by institutional investors.

Samsara Stock Performance

IOT stock opened at $38.10 on Wednesday. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The business has a 50-day simple moving average of $48.05 and a two-hundred day simple moving average of $48.15. The company has a market capitalization of $21.38 billion, a P/E ratio of -81.06 and a beta of 1.63.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total value of $729,544.50. Following the sale, the insider now owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 23,960 shares of Samsara stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the completion of the sale, the insider now directly owns 331,106 shares in the company, valued at $14,505,753.86. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,520,643 shares of company stock valued at $67,197,394 in the last 90 days. 60.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Truist Financial decreased their price target on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Finally, Berenberg Bank initiated coverage on Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Samsara Company 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.