Samsara Inc. (NYSE:IOT - Get Free Report) Director Marc L. Andreessen sold 399,026 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Samsara Stock Performance
Shares of NYSE:IOT traded down $1.80 during trading on Thursday, hitting $40.54. The company's stock had a trading volume of 9,469,263 shares, compared to its average volume of 3,799,771. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The stock's 50-day moving average price is $42.04 and its two-hundred day moving average price is $45.18. The company has a market capitalization of $23.08 billion, a PE ratio of -86.26 and a beta of 1.74.
Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 business had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company's revenue was up 30.7% compared to the same quarter last year. On average, equities analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.
Institutional Trading of Samsara
Several institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in Samsara by 7.1% during the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after buying an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. raised its stake in Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after buying an additional 2,516,882 shares in the last quarter. FMR LLC raised its stake in Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Jennison Associates LLC raised its stake in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after buying an additional 11,169,571 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock valued at $159,995,000 after buying an additional 697,208 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Wall Street Analysts Forecast Growth
IOT has been the topic of several research reports. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Cowen reaffirmed a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Wells Fargo & Company upped their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Finally, Royal Bank of Canada decreased their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Samsara presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.
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Samsara Company Profile
(
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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.
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