Samsara Inc. (NYSE:IOT) Insider Sells $921,771.26 in Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 20,534 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $44.89, for a total value of $921,771.26. Following the sale, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, June 10th, Dominic Phillips sold 9,059 shares of Samsara stock. The stock was sold at an average price of $41.23, for a total value of $373,502.57.
• 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 stock was sold at an average price of $38.60, for a total value of $2,089,572.40.

Samsara Stock Down 3.8%

Shares of IOT traded down $1.55 during trading on Friday, reaching $39.14. The company's stock had a trading volume of 5,492,723 shares, compared to its average volume of 3,793,112. The company has a fifty day moving average of $42.29 and a two-hundred day moving average of $44.96. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The company has a market cap of $22.28 billion, a price-to-earnings ratio of -83.28 and a beta of 1.74.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results 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 company had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. During the same period in the prior year, the company posted $0.03 EPS. Samsara's quarterly revenue was up 30.7% on a year-over-year basis. As a group, equities analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Raymond James began coverage on Samsara in a research report on Wednesday, February 26th. They set a "market perform" rating on the stock. BMO Capital Markets boosted their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Cowen reissued a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Finally, Morgan Stanley reduced their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Nine 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, Samsara has a consensus rating of "Moderate Buy" and an average target price of $50.00.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently made changes to their positions in IOT. SBI Securities Co. Ltd. acquired a new stake in shares of Samsara during the 4th quarter valued at approximately $431,000. Charles Schwab Investment Management Inc. raised its position in shares of Samsara by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock valued at $82,004,000 after acquiring an additional 47,911 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Samsara by 101.4% during the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after acquiring an additional 65,028 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Samsara by 30.4% during the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company's stock valued at $33,392,000 after acquiring an additional 178,102 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock valued at $916,555,000 after acquiring an additional 863,197 shares in 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.