Samsara Inc. (NYSE:IOT) Shares Bought by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC grew its position in shares of Samsara Inc. (NYSE:IOT) by 259.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 369,850 shares of the company’s stock after acquiring an additional 266,850 shares during the period. Samsara comprises about 1.2% of Zweig DiMenna Associates LLC’s holdings, making the stock its 24th largest position. Zweig DiMenna Associates LLC’s holdings in Samsara were worth $16,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new stake in Samsara during the third quarter worth about $34,000. Continuum Advisory LLC grew its stake in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Samsara in the second quarter valued at about $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after buying an additional 1,000 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 56,474 shares of Samsara stock in a transaction on Monday, January 13th. The shares were sold at an average price of $43.33, for a total value of $2,447,018.42. Following the sale, the insider now directly owns 116,257 shares of the company’s stock, valued at approximately $5,037,415.81. The trade was a 32.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,656,381 shares of company stock worth $80,285,162 in the last three months. 60.04% of the stock is currently owned by insiders.

Samsara Stock Performance

Shares of IOT stock opened at $48.23 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The stock has a market cap of $27.07 billion, a PE ratio of -102.68 and a beta of 1.59. The business’s fifty day moving average is $48.02 and its 200-day moving average is $45.20.

Analyst Ratings Changes

A number of brokerages recently commented on IOT. Wells Fargo & Company increased their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Craig Hallum began coverage on Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. Truist Financial increased their price target on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.29.

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.