AQR Capital Management LLC Has $45.57 Million Holdings in Samsara Inc. (NYSE:IOT)

AQR Capital Management LLC grew its holdings in shares of Samsara Inc. (NYSE:IOT) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,042,934 shares of the company’s stock after acquiring an additional 369,169 shares during the quarter. AQR Capital Management LLC owned 0.19% of Samsara worth $45,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Samsara in the 4th quarter valued at approximately $31,000. IFP Advisors Inc boosted its position in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after buying an additional 598 shares during the period. National Bank of Canada FI bought a new stake in Samsara during the 4th quarter worth approximately $45,000. Finally, UMB Bank n.a. increased its position in Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after acquiring an additional 635 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction on Tuesday, April 22nd. The stock was 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 directly owns 102,000 shares in the company, valued at approximately $3,566,940. This represents a 61.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,243,232 shares of company stock valued at $49,935,075 in the last three months. 60.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James initiated coverage on shares of Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock. Craig Hallum reiterated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Monday, March 10th. Truist Financial decreased their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and an average price target of $48.87.

Samsara Stock Up 3.3 %

IOT stock opened at $41.39 on Friday. The firm has a market capitalization of $23.56 billion, a PE ratio of -88.06 and a beta of 1.71. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The stock’s 50 day moving average is $39.14 and its 200-day moving average is $46.08.

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.