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 the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Samsara Price Performance

NYSE IOT opened at $38.02 on Thursday. The stock has a market capitalization of $21.33 billion, a PE ratio of -80.88 and a beta of 1.63. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The business has a 50 day simple moving average of $48.56 and a two-hundred day simple moving average of $48.20.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada reduced their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company. Truist Financial reduced their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Monday. Finally, Berenberg Bank started coverage on Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.60.

Institutional Investors Weigh In On Samsara

Institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after purchasing an additional 40,833 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Samsara in the 4th quarter valued at approximately $431,000. Swiss National Bank lifted its stake in shares of Samsara by 3.1% in 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock valued at $82,004,000 after purchasing an additional 47,911 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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.