Samsara Inc. (NYSE:IOT) Shares Sold by General Catalyst Group Management LLC

General Catalyst Group Management LLC reduced its stake in Samsara Inc. (NYSE:IOT) by 25.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,442,233 shares of the company’s stock after selling 5,854,823 shares during the quarter. Samsara accounts for 66.8% of General Catalyst Group Management LLC’s investment portfolio, making the stock its largest position. General Catalyst Group Management LLC owned 3.11% of Samsara worth $762,051,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its stake in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares during the period. HighTower Advisors LLC increased its stake in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after buying an additional 40,833 shares during the period. Swiss National Bank lifted its holdings in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after buying an additional 18,400 shares in the last quarter. International Assets Investment Management LLC boosted its position in Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Samsara in the second quarter worth $537,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

IOT stock opened at $51.08 on Thursday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The company has a market cap of $28.67 billion, a price-to-earnings ratio of -108.69 and a beta of 1.59. The company has a fifty day moving average price of $47.95 and a 200 day moving average price of $45.66.

Insider Activity

In other Samsara news, insider John Bicket sold 107,152 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the completion of the transaction, the insider now owns 138,000 shares in the company, valued at approximately $7,055,940. This represents a 43.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dominic Phillips sold 20,137 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $46.39, for a total transaction of $934,155.43. Following the transaction, the insider now owns 882,664 shares in the company, valued at approximately $40,946,782.96. This trade represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,677,597 shares of company stock valued at $81,591,651. Insiders own 60.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IOT shares. Wells Fargo & Company lifted their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Loop Capital raised their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Craig Hallum assumed coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.29.

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.