8,931 Shares in Samsara Inc. (NYSE:IOT) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Samsara Inc. (NYSE:IOT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,931 shares of the company’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC lifted its holdings in shares of Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares during the last quarter. Centiva Capital LP raised its position in Samsara by 46.3% during the third quarter. Centiva Capital LP now owns 30,018 shares of the company’s stock valued at $1,444,000 after purchasing an additional 9,503 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of Samsara in the 3rd quarter valued at approximately $312,000. Bamco Inc. NY boosted its holdings in shares of Samsara by 91.0% in the 3rd quarter. Bamco Inc. NY now owns 667,125 shares of the company’s stock worth $32,102,000 after purchasing an additional 317,831 shares during the period. Finally, Harvard Management Co. Inc. bought a new position in shares of Samsara during the 3rd quarter valued at approximately $21,177,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

IOT stock opened at $50.08 on Tuesday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The business has a 50-day moving average price of $50.44 and a 200 day moving average price of $42.43. The company has a market capitalization of $27.86 billion, a P/E ratio of -106.55 and a beta of 1.53.

Insider Buying and Selling at Samsara

In other news, CEO Sanjit Biswas sold 75,594 shares of Samsara stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66. Following the transaction, the chief executive officer now directly owns 120,292 shares in the company, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Bicket sold 75,600 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00. Following the sale, the insider now owns 400,020 shares of the company’s stock, valued at $22,357,117.80. This trade represents a 15.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,771,199 shares of company stock valued at $86,963,175. Company insiders own 60.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on IOT shares. BMO Capital Markets lifted their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. Craig Hallum initiated coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective on the stock. Morgan Stanley boosted their target price on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.29.

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.