James Andrew Munk Sells 13,547 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CAO James Andrew Munk sold 13,547 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.88, for a total transaction of $621,536.36. Following the transaction, the chief accounting officer now owns 306,120 shares in the company, valued at $14,044,785.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

James Andrew Munk also recently made the following trade(s):

• On Tuesday, September 10th, James Andrew Munk sold 1,093 shares of Samsara stock. The shares were sold at an average price of $47.31, for a total value of $51,709.83.

Samsara Trading Up 3.8 %

Shares of IOT stock opened at $49.42 on Friday. The firm has a market capitalization of $27.22 billion, a P/E ratio of -98.84 and a beta of 1.50. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $49.56. The firm’s fifty day simple moving average is $40.39 and its 200 day simple moving average is $36.97.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. Equities research analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Samsara

Hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Samsara by 18.1% in the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock valued at $924,499,000 after purchasing an additional 4,207,974 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after acquiring an additional 3,853,400 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Samsara by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after acquiring an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Samsara by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after acquiring an additional 1,841,149 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Samsara in the second quarter valued at about $29,464,000. Institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent research reports. BMO Capital Markets raised their price target on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Morgan Stanley lifted their target price on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Piper Sandler increased 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. Truist Financial lifted their price objective on shares of Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Evercore ISI upped their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.07.

About Samsara

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.