Samsara Inc. (NYSE:IOT) Insider Lara Caimi Sells 19,379 Shares

Samsara Inc. (NYSE:IOT) insider Lara Caimi sold 19,379 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $37.26, for a total transaction of $722,061.54. Following the completion of the sale, the insider now directly owns 1,216,368 shares of the company’s stock, valued at approximately $45,321,871.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Samsara Stock Down 2.6 %

IOT stock opened at $38.39 on Thursday. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The firm’s 50-day simple moving average is $34.38 and its 200 day simple moving average is $30.39. The stock has a market cap of $20.74 billion, a PE ratio of -72.43 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IOT shares. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Piper Sandler upped their target price on shares of Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Morgan Stanley upped their target price on shares of Samsara from $25.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. upped their target price on shares of Samsara from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Finally, Royal Bank of Canada upped their target price on shares of Samsara from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.56.

Institutional Trading of Samsara

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Samsara by 40.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock valued at $22,428,000 after buying an additional 254,473 shares during the period. Creative Planning acquired a new position in Samsara during the 3rd quarter valued at about $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new position in Samsara during the 4th quarter valued at about $854,000. Principal Financial Group Inc. increased its stake in Samsara by 608.4% during the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after buying an additional 640,321 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Samsara by 54.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock worth $2,656,000 after purchasing an additional 37,316 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Company Profile

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.