Trexquant Investment LP Takes $1.51 Million Position in Samsara Inc. (NYSE:IOT)

Trexquant Investment LP acquired a new stake in Samsara Inc. (NYSE:IOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,462 shares of the company’s stock, valued at approximately $1,506,000.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Samsara in the fourth quarter valued at about $31,000. Hobbs Group Advisors LLC purchased a new position in shares of Samsara in the third quarter valued at about $34,000. IFP Advisors Inc lifted its position in shares of Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after acquiring an additional 598 shares in the last quarter. Continuum Advisory LLC lifted its position 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 acquiring an additional 247 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of Samsara in the fourth quarter valued at about $45,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Trading Up 15.6 %

Shares of IOT opened at $39.49 on Thursday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a fifty day moving average price of $44.79 and a 200-day moving average price of $47.25. The firm has a market cap of $22.48 billion, a PE ratio of -84.02 and a beta of 1.71.

Insider Activity at Samsara

In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50. Following the sale, the insider now directly owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the sale, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,484,276 shares of company stock valued at $64,741,770 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IOT shares. Piper Sandler reduced their target price on Samsara from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their target price on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Berenberg Bank started coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. Raymond James started coverage on Samsara in a report on Wednesday, February 26th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.20.

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.