Samsara Inc. (NYSE:IOT) Insider Sells $2,089,572.40 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 54,134 shares of Samsara stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.60, for a total transaction of $2,089,572.40. Following the sale, the insider now directly owns 638,642 shares in the company, valued at approximately $24,651,581.20. This trade represents a 7.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97.

Samsara Price Performance

Shares of NYSE IOT traded up $1.83 during mid-day trading on Wednesday, hitting $39.94. The company had a trading volume of 5,593,905 shares, compared to its average volume of 3,560,132. The company has a market capitalization of $22.41 billion, a PE ratio of -84.98 and a beta of 1.63. The business’s 50-day simple moving average is $48.05 and its 200 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.

Institutional Investors Weigh In On Samsara

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 414 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Samsara in the 4th quarter valued at $31,000. Hobbs Group Advisors LLC acquired a new stake in Samsara in the third quarter valued at $34,000. IFP Advisors Inc raised its stake in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after buying an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Samsara in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IOT shares. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Loop Capital boosted their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Craig Hallum reissued a “hold” rating on shares of Samsara in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.