Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 54,134 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 54,134 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.60, for a total value of $2,089,572.40. Following the completion of the sale, the insider now directly owns 638,642 shares of the company’s stock, valued at approximately $24,651,581.20. This represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97.

Samsara Trading Up 1.9 %

Shares of NYSE IOT opened at $40.26 on Friday. The stock has a 50 day simple moving average of $47.80 and a 200-day simple moving average of $48.03. The company has a market cap of $22.59 billion, a PE ratio of -85.65 and a beta of 1.63. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.

Analyst Ratings Changes

Several analysts recently weighed in on IOT shares. JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Craig Hallum reissued a “hold” rating on shares of Samsara in a report on Friday, March 7th. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They issued a “market perform” rating for the company. Finally, Truist Financial decreased their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Samsara in the fourth quarter worth approximately $431,000. HighTower Advisors LLC lifted its position in Samsara by 193.4% in the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Samsara by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after purchasing an additional 47,911 shares during the period. Finally, Swiss National Bank lifted its position in Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.