Oxford Asset Management LLP Takes Position in Samsara Inc. (NYSE:IOT)

Oxford Asset Management LLP acquired a new position in Samsara Inc. (NYSE:IOT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,022 shares of the company’s stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Science & Technology Partners L.P. purchased a new position in Samsara in the 4th quarter worth approximately $22,015,000. Voya Investment Management LLC grew its position in Samsara by 17.7% in the fourth quarter. Voya Investment Management LLC now owns 1,691,093 shares of the company’s stock worth $73,884,000 after acquiring an additional 254,754 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Samsara in the fourth quarter valued at $5,950,000. Quantessence Capital LLC purchased a new stake in Samsara during the fourth quarter valued at about $574,000. Finally, Hsbc Holdings PLC lifted its stake in Samsara by 17.1% during the fourth quarter. Hsbc Holdings PLC now owns 61,357 shares of the company’s stock worth $2,697,000 after purchasing an additional 8,944 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Stock Up 0.5 %

Shares of Samsara stock opened at $39.43 on Friday. The company has a market cap of $22.45 billion, a PE ratio of -83.89 and a beta of 1.71. The business has a 50 day moving average of $40.47 and a 200 day moving average of $46.42. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IOT shares. Raymond James initiated coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock. Wells Fargo & Company lowered their price objective on shares of Samsara from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday. Cowen reaffirmed a “buy” rating on shares of Samsara in a report on Friday, March 7th. Morgan Stanley lowered their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.87.

Insider Transactions at Samsara

In other 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 transaction, the insider now owns 138,000 shares in the company, valued at $7,055,940. This trade represents a 43.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $34.97, for a total value of $5,595,200.00. Following the completion of the sale, the insider now directly owns 102,000 shares in the company, valued at approximately $3,566,940. The trade was a 61.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,350,384 shares of company stock valued at $55,413,757. Company insiders own 60.04% of the company’s stock.

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.