Oxford Asset Management LLP Purchases New Shares in Samsara Inc. (NYSE:IOT)

Oxford Asset Management LLP acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,022 shares of the company's stock, valued at approximately $700,000.

Several other large investors have also modified their holdings of IOT. GLOBALT Investments LLC GA grew its position in shares of Samsara by 0.3% during the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after buying an additional 182 shares in the last quarter. CIBC Asset Management Inc raised its stake in Samsara by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after acquiring an additional 300 shares during the period. NewEdge Advisors LLC raised its stake in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the period. abrdn plc raised its stake in Samsara by 11.6% during the fourth quarter. abrdn plc now owns 4,792 shares of the company's stock worth $210,000 after acquiring an additional 498 shares during the period. Finally, Wellington Management Group LLP raised its stake in Samsara by 7.3% during the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock worth $373,000 after acquiring an additional 579 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 107,152 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the completion of the sale, the insider now owns 138,000 shares in the company, valued at approximately $7,055,940. This trade represents a 43.71 % decrease in their position. The sale was disclosed in a legal 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 that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares of the company's stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,350,384 shares of company stock worth $55,413,757 in the last 90 days. 60.04% of the stock is owned by company insiders.

Samsara Trading Up 0.9 %

NYSE:IOT traded up $0.36 during mid-day trading on Monday, hitting $39.78. 2,280,077 shares of the company's stock traded hands, compared to its average volume of 3,770,783. The firm has a 50 day moving average of $40.09 and a two-hundred day moving average of $46.31. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of -84.64 and a beta of 1.71.

Analyst Ratings Changes

Several research firms recently weighed in on IOT. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research note on Monday, March 10th. Raymond James began coverage on Samsara in a report on Wednesday, February 26th. They set a "market perform" rating on the stock. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a report on Friday, March 7th. Royal Bank of Canada cut their price target on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Berenberg Bank began coverage on Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Samsara currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.87.

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.