Samsara Inc. (NYSE:IOT) Insider Sells $641,905.97 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 21,053 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $30.49, for a total transaction of $641,905.97. Following the transaction, the insider now directly owns 1,137,989 shares in the company, valued at approximately $34,697,284.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, April 1st, Dominic Phillips sold 21,690 shares of Samsara stock. The shares were sold at an average price of $36.49, for a total transaction of $791,468.10.
• On Friday, March 15th, Dominic Phillips sold 63,867 shares of Samsara stock. The stock was sold at an average price of $34.92, for a total transaction of $2,230,235.64.

Samsara Trading Down 1.9 %

Shares of NYSE IOT opened at $28.07 on Friday. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of -56.14 and a beta of 1.51. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The business has a fifty day simple moving average of $35.30 and a 200 day simple moving average of $34.40.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $36.00 price objective (down from $41.00) on shares of Samsara in a research note on Friday, June 7th. Evercore ISI decreased their price objective on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Friday, June 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 target price on shares of Samsara in a report on Friday, June 7th. Loop Capital initiated coverage on shares of Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 price target for the company. Finally, BMO Capital Markets reissued a “market perform” rating and set a $40.00 price objective on shares of Samsara in a research report on Tuesday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Samsara currently has an average rating of “Hold” and a consensus target price of $35.64.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in IOT. Advisors Asset Management Inc. raised its position in Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after purchasing an additional 280 shares in the last quarter. Janney Capital Management LLC grew its position in Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after acquiring an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Samsara by 6.8% in the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after purchasing an additional 497 shares in the last quarter. Finally, Ulland Investment Advisors LLC grew its holdings in shares of Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after purchasing an additional 500 shares during the last quarter. 89.39% of the stock is owned by institutional investors.

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.