Samsara Inc. (NYSE:IOT) Insider Sells $811,794.09 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 21,157 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total value of $811,794.09. Following the completion of the transaction, the insider now directly owns 638,642 shares in the company, valued at approximately $24,504,693.54. This trade represents a 3.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 17th, Dominic Phillips sold 54,134 shares of Samsara stock. The stock was sold at an average price of $38.60, for a total value of $2,089,572.40.
• On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The shares were sold at an average price of $50.97, for a total transaction of $1,060,226.97.

Samsara Stock Down 1.8 %

Shares of IOT stock traded down $0.71 during trading hours on Wednesday, hitting $38.09. 6,518,904 shares of the company’s stock were exchanged, compared to its average volume of 3,597,146. The firm has a 50 day moving average of $47.06 and a two-hundred day moving average of $47.93. The firm has a market cap of $21.38 billion, a P/E ratio of -81.04 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, March 10th. Berenberg Bank started coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 target price on the stock. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada decreased their price target on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Institutional Trading of Samsara

A number of hedge funds have recently bought and sold shares of IOT. GLOBALT Investments LLC GA lifted its position in Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after buying an additional 182 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock valued at $280,000 after purchasing an additional 281 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after purchasing an additional 300 shares during the last quarter. Finally, Cim LLC grew its stake in shares of Samsara by 1.3% during the fourth quarter. Cim LLC now owns 31,164 shares of the company’s stock worth $1,362,000 after purchasing an additional 386 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.