Samsara Inc. (NYSE:IOT) Insider Sells $2,969,702.55 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 64,629 shares of Samsara stock in a transaction on Monday, December 16th. The shares were sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the transaction, the insider now owns 755,001 shares in the company, valued at approximately $34,692,295.95. This trade represents a 7.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20.
• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The stock was sold at an average price of $46.39, for a total value of $934,155.43.
• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The stock was sold at an average price of $46.79, for a total value of $970,752.13.

Samsara Stock Up 3.9 %

IOT stock opened at $44.32 on Friday. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of -94.30 and a beta of 1.53. The firm’s fifty day simple moving average is $50.07 and its two-hundred day simple moving average is $42.96.

Wall Street Analysts Forecast Growth

IOT has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Craig Hallum assumed coverage on shares of Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Truist Financial raised their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Evercore ISI increased their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Finally, Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.29.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the period. Private Trust Co. NA increased its stake in Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after buying an additional 250 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after buying an additional 304 shares in the last quarter. Wellington Management Group LLP boosted its position in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after buying an additional 388 shares during the period. Finally, UMB Bank n.a. grew its stake in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after acquiring an additional 418 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.