Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 20,491 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,491 shares of Samsara stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $36.91, for a total transaction of $756,322.81. Following the completion of the sale, the insider now owns 1,010,326 shares in the company, valued at approximately $37,291,132.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, July 1st, Dominic Phillips sold 21,112 shares of Samsara stock. The shares were sold at an average price of $34.42, for a total transaction of $726,675.04.
• On Monday, June 10th, Dominic Phillips sold 21,053 shares of Samsara stock. The shares were sold at an average price of $30.49, for a total transaction of $641,905.97.

Samsara Stock Down 3.4 %

Shares of IOT traded down $1.26 during trading on Friday, reaching $35.40. 3,823,914 shares of the company traded hands, compared to its average volume of 3,745,783. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $42.28. The stock has a market cap of $19.50 billion, a PE ratio of -70.80 and a beta of 1.49. The stock has a 50-day simple moving average of $34.25 and a 200-day simple moving average of $34.82.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating 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 analysts’ expectations of $272.51 million. On average, equities research analysts predict that Samsara Inc. will post -0.39 EPS for the current year.

Institutional Investors Weigh In On Samsara

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its holdings in Samsara by 9.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after acquiring an additional 280 shares in the last quarter. Janney Capital Management LLC grew its holdings in Samsara by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after acquiring an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares in the last quarter. Cetera Advisors LLC grew its holdings in Samsara by 6.8% during the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after acquiring an additional 497 shares in the last quarter. Finally, Ulland Investment Advisors LLC grew its holdings in Samsara by 33.6% during the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after acquiring an additional 500 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IOT has been the topic of several research reports. Bank of America initiated coverage on shares of Samsara in a research note on Thursday, June 20th. They issued a “buy” rating and a $37.00 price target on the stock. Loop Capital reissued a “buy” rating and issued a $42.00 price target on shares of Samsara in a research note on Friday, June 28th. Wolfe Research reissued an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price target on shares of Samsara in a research note on Tuesday, June 11th. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 price target 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.17.

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.