2,564,462 Shares in Samsara Inc. (NYSE:IOT) Bought by Jordan Park Trust Co LLC

Jordan Park Trust Co LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,564,462 shares of the company’s stock, valued at approximately $112,041,000. Samsara accounts for about 93.7% of Jordan Park Trust Co LLC’s investment portfolio, making the stock its biggest position.

Several other large investors have also bought and sold shares of the stock. Continuum Advisory LLC raised its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Private Trust Co. NA raised its position in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after acquiring an additional 300 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after acquiring an additional 388 shares in the last quarter. Finally, abrdn plc raised its position in shares of Samsara by 11.6% in the 4th quarter. abrdn plc now owns 4,792 shares of the company’s stock worth $210,000 after acquiring an additional 498 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Samsara

In other news, insider Adam Eltoukhy sold 9,043 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total value of $487,236.84. Following the transaction, the insider now owns 331,106 shares in the company, valued at $17,839,991.28. The trade was a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjit Biswas sold 145,392 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $44.27, for a total value of $6,436,503.84. Following the completion of the transaction, the insider now owns 120,000 shares in the company, valued at $5,312,400. The trade was a 54.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,389,912 shares of company stock worth $65,081,064. Insiders own 60.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IOT shares. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Berenberg Bank started coverage on Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Morgan Stanley lifted their price objective on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial lowered their price objective on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday. Finally, Royal Bank of Canada reduced their target price on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and a consensus price target of $49.60.

Samsara Stock Performance

IOT stock opened at $35.32 on Friday. The company has a market capitalization of $19.82 billion, a P/E ratio of -75.14 and a beta of 1.63. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The business has a 50-day simple moving average of $49.02 and a two-hundred day simple moving average of $48.31.

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.