Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 64,629 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 64,629 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the transaction, the insider now owns 755,001 shares of the company’s stock, valued at approximately $34,692,295.95. This represents a 7.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The stock was sold at an average price of $50.45, for a total transaction of $1,015,861.20.
• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The shares were sold at an average price of $46.39, for a total transaction of $934,155.43.
• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The stock was sold at an average price of $46.79, for a total value of $970,752.13.

Samsara Stock Down 6.7 %

Shares of IOT stock traded down $3.14 on Wednesday, reaching $43.64. The stock had a trading volume of 3,490,303 shares, compared to its average volume of 3,598,051. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of -92.85 and a beta of 1.53. The firm’s 50-day moving average is $50.44 and its two-hundred day moving average is $42.89.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IOT. Piper Sandler raised their price target on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Bank of America raised their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TD Cowen upped their price target on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Truist Financial boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Finally, Royal Bank of Canada lifted their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.29.

Institutional Trading of Samsara

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its stake in shares of Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. FMR LLC raised its holdings in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after acquiring an additional 1,604,822 shares during the period. 1832 Asset Management L.P. lifted its position in Samsara by 6.6% during the second quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after acquiring an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Samsara by 4.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after acquiring an additional 138,702 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Samsara by 9.5% in the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after purchasing an additional 196,867 shares during the last quarter. 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.