Samsara Inc. (NYSE:IOT) Insider Sells $3,057,534.96 in 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 value of $3,057,534.96. Following the transaction, the insider now directly owns 882,664 shares of the company’s stock, valued at $40,496,624.32. The sale was disclosed in a filing with the SEC, which is available at 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 value 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

Samsara stock opened at $49.42 on Friday. The stock 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 12-month low of $21.48 and a 12-month high of $49.56. The firm’s 50-day moving average is $40.39 and its two-hundred day moving average is $36.97.

Samsara (NYSE:IOT) last released its 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. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share. As a group, analysts forecast that Samsara Inc. will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Boulder Hill Capital Management LP purchased a new position in shares of Samsara in the 4th quarter worth $1,115,000. Charles Schwab Investment Management Inc. increased 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 in the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in Samsara by 135.6% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after buying an additional 34,679 shares in the last quarter. Mission Wealth Management LP purchased a new stake in Samsara during the first quarter worth approximately $1,100,000. Finally, Quarry LP acquired a new stake in shares of Samsara in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Analysts Set New Price Targets

IOT has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. TD Cowen boosted their price target on Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley raised their price objective on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Loop Capital raised their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Samsara 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.