Brighton Jones LLC Buys Shares of 308,168 Samsara Inc. (NYSE:IOT)

Brighton Jones LLC purchased a new position in Samsara Inc. (NYSE:IOT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 308,168 shares of the company’s stock, valued at approximately $13,464,000. Brighton Jones LLC owned about 0.05% of Samsara as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in Samsara by 210.5% in the 4th quarter. SG Americas Securities LLC now owns 33,962 shares of the company’s stock valued at $1,484,000 after purchasing an additional 23,023 shares during the last quarter. Perpetual Ltd acquired a new position in shares of Samsara in the fourth quarter valued at approximately $314,000. Legal Advantage Investments Inc. purchased a new position in shares of Samsara during the fourth quarter valued at approximately $218,000. UMB Bank n.a. boosted its position in Samsara by 62.1% during 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 last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in Samsara in the 4th quarter worth approximately $457,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjit Biswas sold 42,994 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70. Following the transaction, the chief executive officer now directly owns 440,892 shares in the company, valued at $21,405,306.60. The trade was a 8.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,656,381 shares of company stock worth $80,285,162. Corporate insiders own 60.04% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial increased their target price on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Loop Capital increased their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.29.

Samsara Stock Up 0.3 %

IOT stock opened at $47.94 on Friday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The company has a 50-day simple moving average of $48.08 and a 200 day simple moving average of $45.19.

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.