Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 21,112 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 21,112 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $34.42, for a total transaction of $726,675.04. Following the completion of the sale, the insider now owns 1,010,326 shares in the company, valued at approximately $34,775,420.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Stock Performance

Shares of NYSE IOT traded up $0.19 during midday trading on Wednesday, reaching $35.66. The stock had a trading volume of 1,537,408 shares, compared to its average volume of 3,933,810. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of -71.32 and a beta of 1.49. Samsara Inc. has a 12-month low of $21.48 and a 12-month high of $42.28. The stock has a 50-day moving average of $35.13 and a 200-day moving average of $34.26.

Samsara (NYSE:IOT) last issued its quarterly earnings results 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 return on equity of 21.66% and a negative net margin of 27.14%. The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. As a group, analysts forecast that Samsara Inc. will post -0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IOT. 1832 Asset Management L.P. lifted its holdings in shares of Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after buying an additional 3,853,400 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Samsara by 18.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after purchasing an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. lifted its stake in Samsara by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after purchasing an additional 1,841,149 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 3.7% during the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock valued at $877,682,000 after purchasing an additional 827,848 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Samsara by 1,601.3% in the first quarter. Blair William & Co. IL now owns 744,929 shares of the company’s stock worth $28,151,000 after purchasing an additional 701,144 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on IOT shares. Loop Capital reissued a “buy” rating and issued a $42.00 target price on shares of Samsara in a research note on Friday, June 28th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Saturday, May 25th. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price target on shares of Samsara in a research report on Wednesday, June 26th. Bank of America began coverage on Samsara in a research report on Thursday, June 20th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Wolfe Research restated an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.