Samsara Inc. (NYSE:IOT) Insider Sells $1,855,966.14 in Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 47,334 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $39.21, for a total value of $1,855,966.14. Following the completion of the transaction, the insider now owns 793,735 shares in the company, valued at approximately $31,122,349.35. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Friday, June 6th, Dominic Phillips sold 20,534 shares of Samsara stock. The shares were sold at an average price of $44.89, for a total value of $921,771.26.
• On Thursday, May 1st, Dominic Phillips sold 20,534 shares of Samsara stock. The shares were 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.

Samsara Trading Up 1.5%

NYSE:IOT traded up $0.57 during midday trading on Friday, reaching $39.26. The company had a trading volume of 11,014,153 shares, compared to its average volume of 3,841,153. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of -178.44 and a beta of 1.74. The stock's fifty day simple moving average is $42.41 and its 200-day simple moving average is $44.45. Samsara Inc. has a 12-month low of $28.69 and a 12-month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The company had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same period in the previous year, the business earned $0.03 EPS. Samsara's revenue for the quarter was up 30.7% on a year-over-year basis. As a group, sell-side analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IOT. Raymond James Financial initiated coverage on Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating for the company. Morgan Stanley reduced their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Cowen restated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Royal Bank Of Canada dropped their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Brighton Jones LLC purchased a new position in shares of Samsara during the 4th quarter worth $13,464,000. Blue Trust Inc. grew its stake in Samsara by 10,923.1% in the fourth quarter. Blue Trust Inc. now owns 7,165 shares of the company's stock worth $313,000 after purchasing an additional 7,100 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Samsara by 3.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 81,334 shares of the company's stock worth $3,553,000 after purchasing an additional 3,047 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after acquiring an additional 300 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in Samsara by 15.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,348 shares of the company's stock valued at $583,000 after acquiring an additional 1,818 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

About Samsara

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.