Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 20,534 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,534 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $44.89, for a total value of $921,771.26. Following the transaction, the insider now directly owns 903,508 shares of the company’s stock, valued at $40,558,474.12. The trade was a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 1st, Dominic Phillips sold 20,534 shares of Samsara stock. The stock was sold at an average price of $40.40, for a total value of $829,573.60.
• On Tuesday, April 1st, Dominic Phillips sold 21,157 shares of Samsara stock. The stock was sold at an average price of $38.37, for a total value of $811,794.09.
• On Monday, March 17th, Dominic Phillips sold 54,134 shares of Samsara stock. The shares were sold at an average price of $38.60, for a total value of $2,089,572.40.

Samsara Stock Down 6.0%

Shares of Samsara stock opened at $42.00 on Wednesday. The stock has a market cap of $23.91 billion, a PE ratio of -89.36 and a beta of 1.74. The business has a fifty day simple moving average of $41.87 and a 200-day simple moving average of $45.20. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. The firm had revenue of $366.88 million during the quarter, compared to analysts’ expectations of $351.44 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 414 shares during the last quarter. Keystone Financial Group Inc. grew its stake in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 450 shares during the period. Jones Financial Companies Lllp bought a new stake in Samsara during the 4th quarter worth approximately $31,000. IFP Advisors Inc grew its position in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after acquiring an additional 598 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Samsara during the 1st quarter worth $31,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. Morgan Stanley cut their price objective on Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a report on Friday, March 7th. BMO Capital Markets raised their target price on Samsara from $48.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, June 2nd. Finally, Raymond James began coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.