Nemes Rush Group LLC Makes New $146,000 Investment in Samsara Inc. (NYSE:IOT)

Nemes Rush Group LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,337 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds also recently made changes to their positions in IOT. National Bank of Canada FI purchased a new stake in Samsara in the fourth quarter worth $45,000. Franklin Resources Inc. boosted its stake in shares of Samsara by 577.7% during the 4th quarter. Franklin Resources Inc. now owns 1,458,813 shares of the company’s stock valued at $63,736,000 after purchasing an additional 1,243,561 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Samsara by 30.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 5,536 shares of the company’s stock worth $242,000 after buying an additional 1,285 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Samsara by 9.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,975,947 shares of the company’s stock worth $86,329,000 after buying an additional 164,502 shares during the period. Finally, Wellington Management Group LLP boosted its position in Samsara by 7.3% during the 4th quarter. Wellington Management Group LLP now owns 8,538 shares of the company’s stock valued at $373,000 after acquiring an additional 579 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Raymond James began coverage on shares of Samsara in a report on Wednesday, February 26th. They set a “market perform” rating for the company. Berenberg Bank assumed coverage on Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target on the stock. Craig Hallum reiterated a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Finally, Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average target price of $49.60.

Samsara Price Performance

Shares of IOT stock opened at $38.73 on Wednesday. The company has a market cap of $21.73 billion, a price-to-earnings ratio of -82.40 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 firm has a fifty day moving average price of $47.06 and a 200-day moving average price of $47.93.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 85,063 shares of Samsara stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $43.84, for a total transaction of $3,729,161.92. Following the transaction, the insider now directly owns 150,676 shares of the company’s stock, valued at $6,605,635.84. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Bicket sold 107,152 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the completion of the sale, the insider now directly owns 138,000 shares of the company’s stock, valued at $7,055,940. This represents a 43.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,607,296 shares of company stock valued at $70,334,047. Company insiders own 60.04% of the company’s stock.

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.