Samsara Inc. (NYSE:IOT) Director Sells 22,500 Shares

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the sale, the director now directly owns 373,579 shares in the company, valued at approximately $14,464,978.88. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jonathan Chadwick also recently made the following trade(s):

• On Thursday, December 26th, Jonathan Chadwick sold 22,500 shares of Samsara stock. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00.

Samsara Stock Up 4.8 %

Shares of IOT stock traded up $1.83 during mid-day trading on Wednesday, reaching $39.94. 5,593,905 shares of the stock traded hands, compared to its average volume of 3,560,132. The stock’s fifty day simple moving average is $48.05 and its two-hundred day simple moving average is $48.15. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The company has a market cap of $22.41 billion, a price-to-earnings ratio of -84.98 and a beta of 1.63.

Institutional Trading of Samsara

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Samsara by 12.6% during the third quarter. Victory Capital Management Inc. now owns 67,851 shares of the company’s stock worth $3,265,000 after acquiring an additional 7,613 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Samsara during the third quarter worth about $1,180,000. KBC Group NV raised its position in shares of Samsara by 103.9% during the third quarter. KBC Group NV now owns 24,243 shares of the company’s stock worth $1,167,000 after acquiring an additional 12,356 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Samsara during the third quarter worth about $264,000. Finally, Empowered Funds LLC raised its position in shares of Samsara by 55.1% during the third quarter. Empowered Funds LLC now owns 9,750 shares of the company’s stock worth $469,000 after acquiring an additional 3,463 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on IOT shares. Truist Financial reduced their target price on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Morgan Stanley increased their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Monday, March 10th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

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.