Samsara Inc. (NYSE:IOT) Insider Sells $1,015,861.20 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,136 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20. Following the transaction, the insider now directly owns 882,664 shares of the company’s stock, valued at approximately $44,530,398.80. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The shares were sold at an average price of $46.39, for a total value of $934,155.43.
• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The shares were sold at an average price of $46.79, for a total transaction of $970,752.13.
• On Monday, September 16th, Dominic Phillips sold 66,642 shares of Samsara stock. The stock was sold at an average price of $45.88, for a total transaction of $3,057,534.96.

Samsara Price Performance

Shares of Samsara stock traded up $0.97 during midday trading on Wednesday, hitting $46.40. 4,564,413 shares of the company were exchanged, compared to its average volume of 3,583,465. The firm has a 50 day simple moving average of $50.46 and a 200-day simple moving average of $42.55. The firm has a market cap of $25.82 billion, a P/E ratio of -96.66 and a beta of 1.53. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter worth about $34,000. Continuum Advisory LLC increased its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares in the last quarter. Resources Management Corp CT ADV raised its stake in shares of Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the last quarter. UMB Bank n.a. boosted its stake in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in Samsara during the 2nd quarter worth about $38,000. 89.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IOT has been the topic of several research reports. Royal Bank of Canada upped their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Loop Capital lifted their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Evercore ISI boosted their target price on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Samsara currently has an average rating of “Hold” and a consensus target price of $51.29.

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.