Samsara Inc. (NYSE:IOT) Insider Sells $1,060,226.97 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,801 shares of Samsara stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the completion of the transaction, the insider now owns 755,001 shares of the company’s stock, valued at $38,482,400.97. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, December 16th, Dominic Phillips sold 64,629 shares of Samsara stock. The shares were sold at an average price of $45.95, for a total transaction of $2,969,702.55.
• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The stock was sold at an average price of $50.45, for a total value of $1,015,861.20.

Samsara Stock Performance

IOT opened at $54.60 on Friday. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51. The stock has a market capitalization of $30.64 billion, a P/E ratio of -116.17 and a beta of 1.61. The business’s 50-day simple moving average is $47.67 and its 200-day simple moving average is $46.26.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Samsara during the second quarter worth approximately $537,000. SG Americas Securities LLC purchased a new position in Samsara during the 3rd quarter worth $526,000. Handelsbanken Fonder AB increased its stake in Samsara by 17.8% in the third quarter. Handelsbanken Fonder AB now owns 47,000 shares of the company’s stock valued at $2,262,000 after purchasing an additional 7,100 shares during the period. Miracle Mile Advisors LLC acquired a new position in Samsara in the third quarter valued at $339,000. Finally, UMB Bank n.a. raised its holdings in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on IOT shares. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley raised their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Truist Financial raised their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.67.

Samsara Company Profile

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.