PDT Partners LLC Has $5.12 Million Stake in Samsara Inc. (NYSE:IOT)

PDT Partners LLC increased its stake in shares of Samsara Inc. (NYSE:IOT) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,159 shares of the company’s stock after acquiring an additional 8,900 shares during the period. Samsara comprises about 0.5% of PDT Partners LLC’s portfolio, making the stock its 27th largest position. PDT Partners LLC’s holdings in Samsara were worth $5,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Samsara in the 4th quarter valued at $431,000. Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 47,911 shares during the last quarter. Wells Fargo & Company MN increased its stake in Samsara by 101.4% in the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company’s stock valued at $5,644,000 after buying an additional 65,028 shares during the last quarter. Renaissance Technologies LLC increased its stake in Samsara by 30.4% in the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company’s stock valued at $33,392,000 after buying an additional 178,102 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after buying an additional 863,197 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Up 0.9 %

NYSE IOT opened at $39.78 on Tuesday. The company has a market capitalization of $22.65 billion, a P/E ratio of -84.64 and a beta of 1.71. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The firm has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $46.31.

Insider Buying and Selling at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.19, for a total value of $10,015,310.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00. Following the completion of the transaction, the insider now owns 102,000 shares in the company, valued at approximately $3,566,940. The trade was a 61.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,243,232 shares of company stock valued at $49,935,075 in the last quarter. Company insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on IOT shares. Morgan Stanley lowered their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Berenberg Bank assumed coverage on shares of Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Samsara from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.87.

Samsara 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.