Samsara Inc. (NYSE:IOT) Insider Sells $934,155.43 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,137 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $46.39, for a total value of $934,155.43. Following the transaction, the insider now directly owns 882,664 shares in the company, valued at approximately $40,946,782.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The shares were sold at an average price of $46.79, for a total value of $970,752.13.
• On Monday, September 16th, Dominic Phillips sold 66,642 shares of Samsara stock. The stock was sold at an average price of $45.88, for a total value of $3,057,534.96.

Samsara Trading Up 3.0 %

IOT stock opened at $51.79 on Friday. The stock has a market cap of $28.81 billion, a P/E ratio of -107.90 and a beta of 1.52. The stock’s fifty day simple moving average is $47.03 and its two-hundred day simple moving average is $40.03. Samsara Inc. has a 1-year low of $23.12 and a 1-year high of $51.83.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IOT shares. Loop Capital upped their price objective on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Craig Hallum started coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price on the stock. BMO Capital Markets lifted their price target on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Bank of America increased their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Piper Sandler raised their target price on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.20.

Institutional Investors Weigh In On Samsara

Several large investors have recently modified their holdings of the stock. Resources Management Corp CT ADV grew its holdings in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. National Bank of Canada FI bought a new position in shares of Samsara during the 2nd quarter worth $38,000. Nemes Rush Group LLC purchased a new stake in Samsara in the 2nd quarter worth about $45,000. UMB Bank n.a. raised its stake in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 89.39% 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.