Samsara Inc. (NYSE:IOT) Insider Sells $2,969,702.55 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 64,629 shares of Samsara stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the transaction, the insider now directly owns 755,001 shares in the company, valued at approximately $34,692,295.95. This represents a 7.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The stock was sold at an average price of $46.39, for a total value of $934,155.43.
• 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.

Samsara Trading Down 6.7 %

Shares of IOT stock opened at $43.64 on Thursday. The company’s fifty day moving average price is $50.35 and its 200-day moving average price is $42.90. The stock has a market cap of $24.28 billion, a PE ratio of -92.85 and a beta of 1.53. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51.

Analyst Ratings Changes

Several equities analysts recently commented on IOT shares. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley boosted their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Bank of America upped their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara has a consensus rating of “Hold” and a consensus target price of $51.29.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its position in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after buying an additional 95,006 shares during the last quarter. HighTower Advisors LLC grew its position in Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares during the period. Swiss National Bank raised its stake in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after buying an additional 18,400 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Samsara by 2,787.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Samsara in the second quarter worth $537,000. Institutional investors own 96.02% of the company’s stock.

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.