Legal Advantage Investments Inc. Invests $218,000 in Samsara Inc. (NYSE:IOT)

Legal Advantage Investments Inc. bought a new position in shares of Samsara Inc. (NYSE:IOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds have also recently bought and sold shares of the company. Resources Management Corp CT ADV raised its stake in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. Hobbs Group Advisors LLC purchased a new position in Samsara in the third quarter valued at about $34,000. Nemes Rush Group LLC acquired a new position in shares of Samsara during the second quarter worth about $45,000. Continuum Advisory LLC boosted its position in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on IOT shares. JPMorgan Chase & Co. upped their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Loop Capital raised their target price on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada lifted their price objective on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.29.

Insider Activity

In related news, CEO Sanjit Biswas sold 75,594 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the completion of the transaction, the chief executive officer now owns 120,292 shares in the company, valued at $6,723,119.88. The trade was a 38.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Bicket sold 42,942 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total value of $2,084,834.10. Following the completion of the sale, the insider now directly owns 720,678 shares in the company, valued at $34,988,916.90. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,510,542 shares of company stock valued at $73,468,075. 60.04% of the stock is currently owned by insiders.

Samsara Stock Up 2.0 %

Shares of NYSE:IOT opened at $46.75 on Tuesday. The firm has a 50-day simple moving average of $48.40 and a 200 day simple moving average of $45.02. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.

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.