308,168 Shares in Samsara Inc. (NYSE:IOT) Acquired by Brighton Jones LLC

Brighton Jones LLC bought a new stake in Samsara Inc. (NYSE:IOT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 308,168 shares of the company’s stock, valued at approximately $13,464,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IOT. Continuum Advisory LLC lifted its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the period. Private Trust Co. NA increased its holdings in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after buying an additional 304 shares during the last quarter. Wellington Management Group LLP raised its holdings in Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. BNP Paribas started coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, TD Cowen increased their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.29.

Samsara Price Performance

IOT opened at $47.94 on Friday. The stock’s 50 day moving average price is $48.08 and its 200-day moving average price is $45.19. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51.

Insider Activity

In related news, CEO Sanjit Biswas sold 42,994 shares of Samsara stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total value of $2,087,358.70. Following the completion of the sale, the chief executive officer now directly owns 440,892 shares in the company, valued at approximately $21,405,306.60. This trade represents a 8.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares in the company, valued at approximately $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,656,381 shares of company stock worth $80,285,162. Corporate insiders own 60.04% of the company’s stock.

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.