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

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 22,500 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the sale, the director now directly owns 396,079 shares of the company’s stock, valued at $17,970,104.23. The trade was a 5.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Samsara Stock Down 1.1 %

Shares of IOT stock traded down $0.51 on Monday, hitting $43.91. The company had a trading volume of 2,038,922 shares, compared to its average volume of 3,579,317. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The firm has a market cap of $24.64 billion, a P/E ratio of -93.43 and a beta of 1.53. The company has a 50-day moving average price of $49.61 and a 200-day moving average price of $43.60.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI raised their price target on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Bank of America boosted their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Truist Financial raised their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. BNP Paribas assumed coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.29.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Samsara by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 877,485 shares of the company’s stock valued at $29,571,000 after buying an additional 131,452 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Samsara by 113.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,498 shares of the company’s stock worth $1,500,000 after acquiring an additional 23,604 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Samsara by 41.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 24,256 shares of the company’s stock valued at $817,000 after buying an additional 7,148 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Samsara in the second quarter valued at approximately $276,000. Finally, Canal Insurance CO acquired a new stake in Samsara during the 2nd quarter worth $459,000. 96.02% of the stock is owned by institutional investors and hedge funds.

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.