Jordan Park Trust Co LLC Buys New Shares in Samsara Inc. (NYSE:IOT)

Jordan Park Trust Co LLC purchased a new position in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,564,462 shares of the company’s stock, valued at approximately $112,041,000. Samsara comprises 93.7% of Jordan Park Trust Co LLC’s holdings, making the stock its biggest holding. Jordan Park Trust Co LLC owned approximately 0.46% of Samsara at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Samsara during the fourth quarter worth approximately $31,000. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the third quarter worth approximately $34,000. IFP Advisors Inc increased its stake in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares during the period. Continuum Advisory LLC increased its stake in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In other news, insider Sanjit Biswas sold 145,392 shares of the stock in a transaction 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 directly owns 120,000 shares in the company, valued at approximately $5,312,400. This represents a 54.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dominic Phillips sold 20,136 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20. Following the completion of the transaction, the insider now owns 882,664 shares of the company’s stock, valued at $44,530,398.80. The trade was a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,389,912 shares of company stock worth $65,081,064. Insiders own 60.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IOT. Morgan Stanley increased their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their target price on Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday. Loop Capital increased their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Berenberg Bank began coverage on Samsara in a research note on Monday, February 3rd. They set a “hold” rating and a $57.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.60.

Samsara Stock Performance

Shares of IOT stock opened at $35.32 on Friday. The stock’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $48.31. The company has a market cap of $19.82 billion, a PE ratio of -75.14 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

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.