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

Samsara Inc. (NYSE:IOT - Get Free Report) Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $39.07, for a total value of $879,075.00. Following the completion of the sale, the director now directly owns 37,494 shares in the company, valued at $1,464,890.58. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Samsara Stock Performance

Shares of NYSE:IOT traded up $0.57 on Friday, hitting $39.26. 11,014,153 shares of the company's stock were exchanged, compared to its average volume of 3,841,153. The firm's 50-day moving average is $42.41 and its 200 day moving average is $44.45. The company has a market capitalization of $22.35 billion, a PE ratio of -178.44 and a beta of 1.74. Samsara Inc. has a 1-year low of $28.69 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The firm's revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. On average, analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IOT shares. Royal Bank Of Canada reduced their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company lifted their price objective on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.00.

Hedge Funds Weigh In On Samsara

A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its holdings in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the period. Keystone Financial Group Inc. grew its holdings in Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Samsara during the 4th quarter valued at $31,000. IFP Advisors Inc grew its holdings in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after buying an additional 598 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Samsara during the 1st quarter valued at $31,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.