3,337 Shares in Samsara Inc. (NYSE:IOT) Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,337 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Samsara by 14.1% during the third quarter. The Manufacturers Life Insurance Company now owns 47,723 shares of the company’s stock valued at $2,296,000 after acquiring an additional 5,897 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Samsara by 13.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,419 shares of the company’s stock valued at $2,426,000 after purchasing an additional 5,921 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Samsara by 16.7% during the third quarter. Captrust Financial Advisors now owns 10,240 shares of the company’s stock valued at $493,000 after purchasing an additional 1,463 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Samsara by 366.8% in the third quarter. Verition Fund Management LLC now owns 57,292 shares of the company’s stock worth $2,757,000 after purchasing an additional 45,018 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Samsara by 34.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 34,480 shares of the company’s stock worth $1,659,000 after buying an additional 8,780 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the subject of several research analyst reports. Craig Hallum restated a “hold” rating on shares of Samsara in a report on Friday, March 7th. Truist Financial cut their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Loop Capital lifted their price objective 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, Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 94,020 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total value of $4,012,773.60. Following the transaction, the insider now directly owns 114,000 shares in the company, valued at approximately $4,865,520. This represents a 45.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. Insiders have sold a total of 1,607,296 shares of company stock worth $70,334,047 over the last quarter. Company insiders own 60.04% of the company’s stock.

Samsara Stock Performance

Shares of IOT stock opened at $38.73 on Wednesday. The stock has a 50 day moving average price of $47.06 and a 200 day moving average price of $47.93. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The firm has a market capitalization of $21.73 billion, a P/E ratio of -82.40 and a beta of 1.63.

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.