Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 20,137 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,137 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $46.39, for a total transaction of $934,155.43. Following the transaction, the insider now owns 882,664 shares of the company’s stock, valued at $40,946,782.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dominic Phillips also recently made the following trade(s):

• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The shares were sold at an average price of $46.79, for a total transaction of $970,752.13.
• On Monday, September 16th, Dominic Phillips sold 66,642 shares of Samsara stock. The shares were sold at an average price of $45.88, for a total transaction of $3,057,534.96.

Samsara Stock Performance

NYSE IOT opened at $48.23 on Wednesday. Samsara Inc. has a one year low of $23.12 and a one year high of $51.53. The company’s 50 day moving average price is $46.72 and its 200 day moving average price is $39.83. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of -100.48 and a beta of 1.52.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same quarter last year, the firm posted ($0.11) earnings per share. Samsara’s revenue for the quarter was up 36.9% compared to the same quarter last year. Sell-side analysts forecast that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IOT has been the topic of several analyst reports. Craig Hallum initiated coverage on shares of Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Piper Sandler raised their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. raised their price target on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets raised their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Samsara has a consensus rating of “Hold” and an average price target of $44.20.

Institutional Trading of Samsara

A number of hedge funds have recently made changes to their positions in IOT. Resources Management Corp CT ADV raised its stake in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. National Bank of Canada FI purchased a new stake in shares of Samsara during the second quarter valued at approximately $38,000. Nemes Rush Group LLC purchased a new stake in shares of Samsara during the second quarter valued at approximately $45,000. UMB Bank n.a. raised its stake in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 89.39% 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.