Jonathan Chadwick Sells 12,206 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 12,206 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $46.54, for a total transaction of $568,067.24. Following the completion of the sale, the director now owns 418,579 shares of the company’s stock, valued at approximately $19,480,666.66. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Samsara Price Performance

NYSE IOT opened at $49.42 on Friday. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $49.56. The stock’s 50-day moving average is $40.39 and its two-hundred day moving average is $36.97. The firm has a market cap of $27.22 billion, a P/E ratio of -98.84 and a beta of 1.50.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The company’s revenue was up 36.9% on a year-over-year basis. On average, equities analysts expect that Samsara Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IOT. Advisors Asset Management Inc. increased its position in Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares during the period. Resources Management Corp CT ADV increased its position in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the period. Cetera Advisors LLC raised its stake in Samsara by 6.8% during 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 during the last quarter. Ulland Investment Advisors LLC boosted its holdings in Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares during the period. Finally, Sands Capital Ventures LLC grew its position in Samsara by 18.7% in the 2nd quarter. Sands Capital Ventures LLC now owns 4,239 shares of the company’s stock worth $143,000 after purchasing an additional 669 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IOT. Wells Fargo & Company raised their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Evercore ISI lifted their target price on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. BMO Capital Markets increased their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Morgan Stanley boosted their price objective on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, Loop Capital increased their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

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.