16,022 Shares in Samsara Inc. (NYSE:IOT) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,022 shares of the company's stock, valued at approximately $700,000.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. Jones Financial Companies Lllp bought a new position in Samsara during the 4th quarter worth $31,000. IFP Advisors Inc grew its position in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Samsara during the fourth quarter worth about $45,000. Finally, UMB Bank n.a. lifted its stake in shares of Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company's stock worth $72,000 after acquiring an additional 635 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Price Performance

Shares of IOT stock traded up $0.41 during trading hours on Wednesday, reaching $39.65. The company had a trading volume of 2,426,079 shares, compared to its average volume of 4,229,156. The company has a market cap of $22.57 billion, a price-to-earnings ratio of -84.36 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 business has a fifty day simple moving average of $39.78 and a 200-day simple moving average of $46.26.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IOT. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company decreased their target price on Samsara from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating for the company. Royal Bank of Canada cut their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and an average target price of $48.87.

Insider Activity at Samsara

In other Samsara news, insider Adam Eltoukhy sold 9,043 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the completion of the sale, the insider now directly owns 331,106 shares of the company's stock, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sanjit Biswas sold 85,291 shares of Samsara stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the transaction, the insider now directly owns 132,000 shares in the company, valued at approximately $7,299,600. This represents a 39.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,243,232 shares of company stock valued at $49,935,075. 60.04% of the stock is owned by insiders.

Samsara Company 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.