Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick Sells 12,206 Shares

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 12,206 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.54, for a total value of $568,067.24. Following the transaction, the director now owns 418,579 shares of the company’s stock, valued at $19,480,666.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Samsara Price Performance

Shares of NYSE:IOT opened at $47.59 on Friday. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of -95.18 and a beta of 1.50. The business’s fifty day moving average price is $39.93 and its two-hundred day moving average price is $36.80. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $48.98.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in Samsara by 18.1% during the 2nd 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. raised its holdings in shares of Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after buying an additional 3,853,400 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 worth $666,584,000 after buying an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. grew its holdings in Samsara by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after acquiring an additional 1,841,149 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Samsara in the 2nd quarter valued at about $29,464,000. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on IOT. TD Cowen upped their target price on shares of Samsara from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets increased their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Truist Financial boosted their price target on Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Piper Sandler raised their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Loop Capital boosted their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.