Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 21,157 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 21,157 shares of Samsara stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $38.37, for a total value of $811,794.09. Following the transaction, the insider now owns 638,642 shares of the company’s stock, valued at $24,504,693.54. The trade was a 3.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 17th, Dominic Phillips sold 54,134 shares of Samsara stock. The stock was sold at an average price of $38.60, for a total value of $2,089,572.40.
• On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97.

Samsara Stock Performance

NYSE IOT opened at $38.09 on Thursday. The business has a fifty day moving average price of $46.86 and a 200 day moving average price of $47.86. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company has a market cap of $21.38 billion, a P/E ratio of -81.04 and a beta of 1.63.

Institutional Investors Weigh In On Samsara

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 414 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Samsara in the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC acquired a new position in shares of Samsara during the 3rd quarter worth approximately $34,000. IFP Advisors Inc grew its position in shares of Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after purchasing an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Samsara in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the subject of several recent research reports. Loop Capital lifted their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Berenberg Bank assumed coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday, March 7th. Piper Sandler upgraded Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

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.