Jonathan Chadwick Sells 12,206 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 12,206 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $46.54, for a total transaction of $568,067.24. Following the completion of the sale, the director now owns 418,579 shares of the company’s stock, valued at $19,480,666.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Samsara Stock Up 0.1 %

Shares of NYSE IOT opened at $47.59 on Friday. The firm’s 50-day simple moving average is $39.93 and its 200 day simple moving average is $36.80. The stock has a market cap of $26.21 billion, a P/E ratio of -95.18 and a beta of 1.50. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $48.98.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period last year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, sell-side analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Loop Capital increased their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. TD Cowen lifted their target price on Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Sandler upped their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Morgan Stanley increased their target price on Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, Wolfe Research restated an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research report on Friday, June 28th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Institutional Trading of Samsara

A number of large investors have recently added to or reduced their stakes in IOT. Resources Management Corp CT ADV raised its position in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the period. Quarry LP acquired a new stake in Samsara during the fourth quarter valued at $37,000. National Bank of Canada FI acquired a new stake in shares of Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC bought a new stake in Samsara in the second quarter worth approximately $45,000. Finally, Tradition Wealth Management LLC bought a new stake in Samsara in the fourth quarter worth $46,000. 89.39% of the stock is currently owned by 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.