Jones Financial Companies Lllp Makes New Investment in Samsara Inc. (NYSE:IOT)

Jones Financial Companies Lllp acquired a new position in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, Holdings Channel reports. The fund acquired 699 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lord Abbett & CO. LLC lifted its position in Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after acquiring an additional 1,777,757 shares in the last quarter. FMR LLC lifted its position in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after acquiring an additional 1,604,822 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Samsara by 55.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after acquiring an additional 650,982 shares in the last quarter. Jennison Associates LLC lifted its position in Samsara by 13,426.9% in the 4th quarter. Jennison Associates LLC now owns 593,562 shares of the company’s stock valued at $25,933,000 after acquiring an additional 589,174 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new position in Samsara in the 3rd quarter valued at about $21,177,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IOT. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Monday, March 10th. Royal Bank of Canada dropped their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Raymond James assumed coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Finally, Craig Hallum reissued a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Insider Buying and Selling at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sanjit Biswas sold 48,884 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the completion of the sale, the insider now owns 2,007,964 shares in the company, valued at approximately $91,081,247.04. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,597,277 shares of company stock worth $70,158,166. 60.04% of the stock is currently owned by company insiders.

Samsara Stock Up 4.8 %

Samsara stock opened at $39.94 on Thursday. The company has a market capitalization of $22.41 billion, a PE ratio of -84.98 and a beta of 1.63. The firm has a fifty day simple moving average of $47.96 and a two-hundred day simple moving average of $48.10. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

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.