TrueMark Investments LLC Buys 10,036 Shares of Samsara Inc. (NYSE:IOT)

TrueMark Investments LLC lifted its holdings in Samsara Inc. (NYSE:IOT) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,192 shares of the company’s stock after buying an additional 10,036 shares during the period. Samsara comprises approximately 2.9% of TrueMark Investments LLC’s portfolio, making the stock its 7th biggest position. TrueMark Investments LLC’s holdings in Samsara were worth $3,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Samsara in the first quarter worth $7,327,000. Gulf International Bank UK Ltd acquired a new stake in Samsara during the first quarter valued at $896,000. CHURCHILL MANAGEMENT Corp boosted its position in Samsara by 135.6% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after purchasing an additional 34,679 shares during the last quarter. RFG Advisory LLC boosted its position in Samsara by 28.3% during the first quarter. RFG Advisory LLC now owns 8,824 shares of the company’s stock valued at $333,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Westwind Capital boosted its position in Samsara by 5.5% during the first quarter. Westwind Capital now owns 244,750 shares of the company’s stock valued at $9,248,000 after purchasing an additional 12,720 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analysts Set New Price Targets

IOT has been the subject of a number of research reports. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Piper Sandler restated a “neutral” rating and set a $36.00 target price (down from $41.00) on shares of Samsara in a report on Friday, June 7th. Royal Bank of Canada restated an “outperform” rating and set a $47.00 target price on shares of Samsara in a report on Friday, June 7th. Loop Capital assumed coverage on Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Evercore ISI cut their target price on Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, June 7th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.55.

Insider Buying and Selling at Samsara

In other Samsara news, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Samsara news, insider Dominic Phillips sold 21,690 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $36.49, for a total transaction of $791,468.10. Following the completion of the sale, the insider now owns 1,137,252 shares in the company, valued at approximately $41,498,325.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $28.88, for a total transaction of $8,013,737.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,611,743 shares of company stock valued at $55,349,046. 60.04% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

NYSE IOT traded up $0.42 during trading on Tuesday, reaching $29.84. 3,474,810 shares of the company traded hands, compared to its average volume of 3,873,631. The stock’s 50 day moving average price is $34.93 and its two-hundred day moving average price is $34.33. The company has a market cap of $16.44 billion, a price-to-earnings ratio of -58.84 and a beta of 1.52. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $42.28.

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.