Samsara Sees Unusually Large Options Volume (NYSE:IOT)

Samsara Inc. (NYSE:IOT) saw unusually large options trading activity on Monday. Stock investors acquired 19,815 put options on the stock. This is an increase of approximately 138% compared to the average volume of 8,343 put options.

Insider Buying and Selling

In other news, insider Dominic Phillips sold 20,136 shares of Samsara stock in a transaction on Monday, December 9th. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20. Following the completion of the sale, the insider now owns 882,664 shares in the company, valued at $44,530,398.80. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Eltoukhy sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the transaction, the insider now owns 396,784 shares in the company, valued at $19,839,200. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,375,296 shares of company stock valued at $69,075,725 over the last 90 days. 60.04% of the stock is owned by insiders.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Hobbs Group Advisors LLC purchased a new stake in Samsara during the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC grew its stake in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the last quarter. UMB Bank n.a. lifted 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 worth $49,000 after purchasing an additional 418 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Samsara during the 2nd quarter valued at about $38,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of IOT opened at $47.16 on Tuesday. The firm has a market capitalization of $26.24 billion, a P/E ratio of -100.34 and a beta of 1.53. Samsara has a one year low of $27.14 and a one year high of $57.51. The business has a fifty day moving average of $50.44 and a 200 day moving average of $42.80.

Analyst Ratings Changes

Several brokerages recently weighed in on IOT. Morgan Stanley raised their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. 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 report on Friday, December 6th. Royal Bank of Canada increased their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Craig Hallum began coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. Finally, BNP Paribas assumed coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.29.

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.