Jefferies Financial Group Inc. Decreases Stake in Samsara Inc. (NYSE:IOT)

Jefferies Financial Group Inc. lowered its position in Samsara Inc. (NYSE:IOT) by 45.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,683 shares of the company’s stock after selling 45,537 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Samsara were worth $2,389,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Samsara in the 4th quarter worth about $431,000. Charles Schwab Investment Management Inc. increased its holdings in Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after acquiring an additional 47,911 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Samsara by 101.4% during the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company’s stock valued at $5,644,000 after buying an additional 65,028 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Samsara by 30.4% during the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company’s stock valued at $33,392,000 after buying an additional 178,102 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after buying an additional 863,197 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on IOT. Truist Financial reduced their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Wells Fargo & Company reduced their target price on Samsara from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a report on Friday, March 7th. Piper Sandler reduced their target price on Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.87.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 21,735 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $42.98, for a total value of $934,170.30. Following the completion of the sale, the insider now owns 985,789 shares in the company, valued at $42,369,211.22. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total value of $10,015,310.89. The disclosure for this sale can be found here. Insiders sold 1,252,807 shares of company stock worth $48,953,337 in the last quarter. 60.04% of the stock is owned by insiders.

Samsara Price Performance

NYSE:IOT opened at $46.64 on Wednesday. The business has a 50 day moving average of $38.79 and a 200 day moving average of $45.81. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of -99.23 and a beta of 1.70. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

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.