Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 47,334 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $39.21, for a total value of $1,855,966.14. Following the transaction, the insider now owns 793,735 shares of the company's stock, valued at $31,122,349.35. The trade was 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 at this hyperlink.
Dominic Phillips also recently made the following trade(s):
- On Tuesday, June 10th, Dominic Phillips sold 9,059 shares of Samsara stock. The shares were 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 Price Performance
Shares of IOT stock traded up $0.46 during trading hours on Thursday, reaching $38.68. 7,690,938 shares of the company traded hands, compared to its average volume of 3,817,709. Samsara Inc. has a 12-month low of $28.69 and a 12-month high of $61.90. The company has a market cap of $22.02 billion, a P/E ratio of -175.80 and a beta of 1.74. The firm has a 50-day moving average price of $42.38 and a 200 day moving average price of $44.55.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating 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 firm had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same period in the previous year, the firm earned $0.03 EPS. The business's quarterly revenue was up 30.7% on a year-over-year basis. Sell-side analysts predict that Samsara Inc. will post -0.3 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Piper Sandler reiterated an "overweight" rating and issued a $53.00 price objective (up from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Morgan Stanley reduced their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company lifted their price objective on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.
Get Our Latest Analysis on IOT
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IOT. Brighton Jones LLC purchased a new position in Samsara in the 4th quarter worth approximately $13,464,000. Blue Trust Inc. lifted its holdings in Samsara by 10,923.1% in the 4th 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 lifted its holdings in Samsara by 3.9% in the 4th 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 lifted its holdings in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock worth $253,000 after purchasing an additional 300 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in Samsara by 15.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 13,348 shares of the company's stock worth $583,000 after purchasing an additional 1,818 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
About Samsara
(
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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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