Entropy Technologies LP Takes Position in Samsara Inc. (NYSE:IOT)

Entropy Technologies LP bought a new stake in shares of Samsara Inc. (NYSE:IOT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,820 shares of the company’s stock, valued at approximately $1,521,000.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after acquiring an additional 95,006 shares during the period. HighTower Advisors LLC boosted its stake in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after buying an additional 40,833 shares during the period. Swiss National Bank grew its holdings in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Samsara during the fourth quarter valued at approximately $422,000. Finally, International Assets Investment Management LLC increased its stake in Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Samsara news, insider Sanjit Biswas sold 56,474 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the completion of the sale, the insider now directly owns 116,257 shares in the company, valued at approximately $5,037,415.81. The trade was a 32.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total value of $5,160,489.60. The disclosure for this sale can be found here. Insiders have sold 1,549,936 shares of company stock worth $75,624,852 in the last quarter. Corporate insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. Berenberg Bank began coverage on shares of Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target for the company. BMO Capital Markets increased their price objective on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Loop Capital lifted their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.67.

Samsara Stock Up 1.1 %

NYSE:IOT opened at $54.60 on Monday. The stock has a market capitalization of $30.64 billion, a PE ratio of -116.17 and a beta of 1.61. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The stock’s 50-day moving average price is $47.69 and its 200-day moving average price is $46.44.

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.