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

Samsara Inc. (NYSE:IOT) major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Samsara Stock Down 2.3 %

IOT stock opened at $37.14 on Friday. The company has a 50-day simple moving average of $48.42 and a 200 day simple moving average of $48.12. The company has a market capitalization of $20.84 billion, a P/E ratio of -79.02 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Wall Street Analysts Forecast Growth

IOT has been the subject of several analyst reports. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating for the company. Morgan Stanley lifted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Wealthedge Investment Advisors LLC purchased a new position in shares of Samsara during the fourth quarter valued at $398,000. Cim LLC grew its stake in Samsara by 1.3% during the 4th quarter. Cim LLC now owns 31,164 shares of the company’s stock valued at $1,362,000 after acquiring an additional 386 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Samsara in the 4th quarter valued at about $1,100,000. Windmill Hill Asset Management Ltd increased its holdings in shares of Samsara by 25.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 5,974 shares of the company’s stock valued at $261,000 after purchasing an additional 1,195 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of Samsara by 10.9% in the fourth quarter. Toronto Dominion Bank now owns 29,435 shares of the company’s stock worth $1,286,000 after purchasing an additional 2,899 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.