Dominic Phillips Sells 66,642 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 66,642 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.88, for a total transaction of $3,057,534.96. Following the sale, the insider now owns 882,664 shares in the company, valued at $40,496,624.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, August 1st, Dominic Phillips sold 20,491 shares of Samsara stock. The stock was sold at an average price of $36.91, for a total transaction of $756,322.81.
• On Monday, July 1st, Dominic Phillips sold 21,112 shares of Samsara stock. The stock was sold at an average price of $34.42, for a total transaction of $726,675.04.

Samsara Price Performance

NYSE IOT opened at $47.59 on Friday. The firm’s fifty day moving average price is $39.93 and its 200 day moving average price is $36.80. The company has a market capitalization of $26.21 billion, a price-to-earnings ratio of -95.18 and a beta of 1.50. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $48.98.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same period last year, the firm posted ($0.11) EPS. Samsara’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, sell-side analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada raised their price objective on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Morgan Stanley raised their price objective on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Finally, Evercore ISI raised their price objective on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IOT. Charles Schwab Investment Management Inc. grew its position in Samsara by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock worth $32,360,000 after purchasing an additional 79,773 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Samsara by 9.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,104 shares of the company’s stock worth $504,000 after purchasing an additional 1,340 shares during the last quarter. Norges Bank purchased a new position in Samsara during the 4th quarter worth $11,693,000. Dynamic Technology Lab Private Ltd purchased a new position in Samsara during the 4th quarter worth $1,212,000. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Samsara in the fourth quarter valued at about $206,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.