Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 20,491 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,491 shares of Samsara stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $36.91, for a total value of $756,322.81. Following the completion of the sale, the insider now directly owns 1,010,326 shares in the company, valued at approximately $37,291,132.66. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, July 1st, Dominic Phillips sold 21,112 shares of Samsara stock. The shares were sold at an average price of $34.42, for a total value of $726,675.04.
• On Monday, June 10th, Dominic Phillips sold 21,053 shares of Samsara stock. The stock was sold at an average price of $30.49, for a total value of $641,905.97.

Samsara Stock Performance

Samsara stock opened at $35.40 on Monday. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The stock’s 50 day moving average price is $34.25 and its 200 day moving average price is $34.85. The firm has a market capitalization of $19.50 billion, a PE ratio of -70.80 and a beta of 1.49.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The business had revenue of $280.73 million during the quarter, compared to the consensus estimate of $272.51 million. On average, analysts forecast that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IOT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price target on shares of Samsara in a research note on Wednesday, June 26th. Evercore ISI cut their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Friday, June 7th. Wolfe Research reiterated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 target price on shares of Samsara in a research report on Tuesday, June 11th. Finally, Loop Capital restated a “buy” rating and set a $42.00 price target on shares of Samsara in a research note on Friday, June 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in Samsara by 18.1% during the 2nd quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock valued at $924,499,000 after purchasing an additional 4,207,974 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Samsara by 18.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after acquiring an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. raised its holdings in Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after acquiring an additional 1,841,149 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after acquiring an additional 3,853,400 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Samsara by 12.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company’s stock worth $84,225,000 after purchasing an additional 243,170 shares during the last quarter. 89.39% 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.