Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $756,322.81 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,491 shares of Samsara stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $36.91, for a total value of $756,322.81. Following the completion of the transaction, the insider now directly owns 1,010,326 shares of the company’s stock, valued at $37,291,132.66. The transaction was disclosed in a document filed 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 stock was 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 Price Performance

IOT opened at $35.40 on Monday. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $42.28. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of -70.80 and a beta of 1.49. The firm’s fifty day moving average price is $34.25 and its two-hundred day moving average price is $34.85.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, equities analysts anticipate that Samsara Inc. will post -0.39 EPS for the current year.

Institutional Trading of Samsara

A number of hedge funds have recently bought and sold shares of the business. Raymond James & Associates bought a new position in Samsara during the fourth quarter valued at about $1,479,000. Stonegate Investment Group LLC purchased a new stake in shares of Samsara during the 4th quarter worth approximately $229,000. International Assets Investment Management LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $162,000. RFG Advisory LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $230,000. Finally, Cerity Partners LLC purchased a new position in Samsara in the fourth quarter valued at approximately $770,000. 89.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IOT has been the topic of a number of research reports. Bank of America assumed coverage on shares of Samsara in a research report on Thursday, June 20th. They set a “buy” rating and a $37.00 target price on the stock. BMO Capital Markets reissued a “market perform” rating and set a $40.00 price objective on shares of Samsara in a research report on Tuesday, June 11th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price target on shares of Samsara in a report on Wednesday, June 26th. Finally, Loop Capital reissued a “buy” rating and issued a $42.00 price objective 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.17.

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.