Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 64,629 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 64,629 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $45.95, for a total value of $2,969,702.55. Following the sale, the insider now owns 755,001 shares in the company, valued at $34,692,295.95. The trade was a 7.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The shares were 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 stock was sold at an average price of $46.79, for a total transaction of $970,752.13.

Samsara Stock Performance

NYSE IOT opened at $42.67 on Friday. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of -90.79 and a beta of 1.53. The stock has a 50-day moving average of $50.19 and a 200 day moving average of $42.89. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Institutional Trading of Samsara

A number of large investors have recently made changes to their positions in IOT. Lord Abbett & CO. LLC grew its position in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after acquiring an additional 1,777,757 shares during the period. Franklin Resources Inc. purchased a new position in Samsara during the third quarter valued at $10,868,000. Wilmington Savings Fund Society FSB bought a new stake in Samsara during the third quarter valued at about $546,000. Virtu Financial LLC purchased a new stake in Samsara in the third quarter worth about $1,689,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Samsara in the third quarter worth about $34,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IOT shares. BNP Paribas initiated coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Evercore ISI raised their price objective 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 boosted their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley raised their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Bank of America boosted their price objective on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research 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 stock. Based on data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus target price of $51.29.

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.