Jump Financial LLC Sells 54,140 Shares of Samsara Inc. (NYSE:IOT)

Jump Financial LLC decreased its holdings in Samsara Inc. (NYSE:IOT) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,700 shares of the company’s stock after selling 54,140 shares during the quarter. Jump Financial LLC’s holdings in Samsara were worth $7,371,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board purchased a new position in shares of Samsara in the 4th quarter valued at $267,000. Guggenheim Capital LLC purchased a new position in Samsara in the fourth quarter valued at about $294,000. Mariner LLC grew its stake in Samsara by 3.4% in the fourth quarter. Mariner LLC now owns 147,182 shares of the company’s stock valued at $6,430,000 after purchasing an additional 4,806 shares during the last quarter. Barclays PLC raised its holdings in Samsara by 7.5% in the fourth quarter. Barclays PLC now owns 443,116 shares of the company’s stock worth $19,358,000 after purchasing an additional 31,050 shares in the last quarter. Finally, APG Asset Management US Inc. purchased a new stake in shares of Samsara during the fourth quarter valued at about $300,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Performance

NYSE:IOT opened at $38.66 on Wednesday. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The stock has a market cap of $22.01 billion, a PE ratio of -82.26 and a beta of 1.71. The stock has a 50 day moving average price of $43.57 and a 200 day moving average price of $46.94.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. BMO Capital Markets upgraded shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They issued a “market perform” rating on the stock. Finally, Piper Sandler reduced their price objective on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.20.

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 107,152 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total value of $5,478,681.76. Following the transaction, the insider now directly owns 138,000 shares in the company, valued at $7,055,940. The trade was a 43.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjit Biswas sold 72,077 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $46.40, for a total transaction of $3,344,372.80. Following the sale, the insider now owns 31,654 shares of the company’s stock, valued at $1,468,745.60. This represents a 69.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,336,223 shares of company stock worth $56,635,645 in the last three months. 60.04% of the stock is owned by corporate 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.