Samsara Inc. (NYSE:IOT) Director Sells $1,020,825.00 in Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 22,500 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the completion of the sale, the director now owns 396,079 shares of the company’s stock, valued at $17,970,104.23. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Samsara Price Performance

Samsara stock opened at $43.69 on Thursday. The stock’s fifty day moving average price is $49.45 and its two-hundred day moving average price is $43.81. The firm has a market cap of $24.52 billion, a PE ratio of -92.96 and a beta of 1.53. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. FMR LLC lifted its holdings in shares of Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after acquiring an additional 500,400 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after acquiring an additional 138,702 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Samsara by 9.5% during the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after purchasing an additional 196,867 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Loop Capital upped their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Bank of America lifted their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Evercore ISI raised their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Samsara has a consensus rating of “Hold” and an average price target of $51.29.

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.