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Andreessen Horowitz, a prominent venture capital firm, disclosed in a recent SEC filing that it sold shares of Samsara Inc. (NYSE:IOT) worth approximately $10 million. The transactions took place on March 10, 2025, and involved multiple sales at prices ranging from $34.06 to $34.62 per share. According to InvestingPro data, Samsara currently trades at $38.02, with impressive gross profit margins of 76%.
The sales were conducted by various entities associated with Andreessen Horowitz, including Andreessen Horowitz LSV Fund I, L.P., and AH Parallel Fund V, L.P. These sales resulted in a significant reduction of their holdings in Samsara’s Class A Common Stock. The timing is notable as the stock has experienced a sharp 17.6% decline over the past week, while maintaining strong revenue growth of 33.3% in the last twelve months.
Following these transactions, the funds now hold a reduced number of shares in Samsara, reflecting a strategic adjustment in their investment portfolio. The sales were part of a broader series of transactions reported by Andreessen Horowitz, which also included the conversion of Class B Common Stock into Class A Common Stock, although these conversions did not involve any financial exchange.
Andreessen Horowitz remains a notable stakeholder in Samsara, with other entities within the firm maintaining substantial holdings in the company.
In other recent news, Samsara Inc. has reported strong financial performance, with a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, according to TD Cowen. The company also experienced a 33% constant currency increase in Annual Recurring Revenue (ARR) and a 25% rise in revenue, as noted by RBC Capital Markets. Despite these positive results, RBC Capital adjusted its price target for Samsara to $54 from $64, maintaining an Outperform rating. Truist Securities also reduced its price target to $42 from $50, keeping a Hold rating, citing potential challenges in the upcoming fiscal year.
Samsara’s strategic partnership with Hyundai (OTC:HYMTF) Translead aims to enhance trailer safety and operational efficiency through a factory-installed monitoring system. Piper Sandler upgraded Samsara’s stock to Overweight, setting a price target of $50, highlighting the company’s potential for over 20% growth and increased market share in fleet management. Meanwhile, TD Cowen maintained a Buy rating, adjusting the price target to $51, reflecting confidence in Samsara’s business model and customer engagements. These developments underscore Samsara’s ongoing efforts to expand its market presence and deliver innovative solutions in the Internet of Things sector.
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