Samsara Inc. (NYSE:IOT) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in Samsara Inc. (NYSE:IOT - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,700 shares of the company's stock after selling 54,140 shares during the quarter. Jump Financial LLC's holdings in Samsara were worth $7,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ontario Teachers Pension Plan Board bought a new position in shares of Samsara during the 4th quarter valued at about $267,000. Guggenheim Capital LLC purchased a new stake in shares of Samsara during the 4th quarter valued at about $294,000. Mariner LLC grew its position in Samsara by 3.4% in the fourth quarter. Mariner LLC now owns 147,182 shares of the company's stock worth $6,430,000 after acquiring an additional 4,806 shares in the last quarter. Barclays PLC raised its position in Samsara by 7.5% during the fourth quarter. Barclays PLC now owns 443,116 shares of the company's stock valued at $19,358,000 after purchasing an additional 31,050 shares during the period. Finally, APG Asset Management US Inc. purchased a new position in shares of Samsara in the 4th quarter worth approximately $300,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Down 3.6 %

Shares of NYSE IOT traded down $1.35 during trading hours on Monday, hitting $36.17. 538,814 shares of the stock were exchanged, compared to its average volume of 3,759,797. The company has a market cap of $20.59 billion, a PE ratio of -76.96 and a beta of 1.71. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The firm has a fifty day moving average price of $42.55 and a 200-day moving average price of $46.76.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 73,762 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $47.08, for a total transaction of $3,472,714.96. Following the transaction, the insider now directly owns 13,231 shares of the company's stock, valued at $622,915.48. This represents a 84.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares of the company's stock, valued at approximately $14,464,978.88. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,264,146 shares of company stock valued at $53,291,272. Corporate insiders own 60.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on IOT. Royal Bank of Canada dropped their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Wells Fargo & Company decreased their price objective on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Piper Sandler cut their target price on Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research note on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $49.07.

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.