Dominic Phillips Sells 66,642 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 66,642 shares of Samsara stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.88, for a total transaction of $3,057,534.96. Following the completion of the sale, the insider now owns 882,664 shares of the company’s stock, valued at $40,496,624.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 1st, Dominic Phillips sold 20,491 shares of Samsara stock. The shares were sold at an average price of $36.91, for a total value of $756,322.81.
• On Monday, July 1st, Dominic Phillips sold 21,112 shares of Samsara stock. The stock was sold at an average price of $34.42, for a total value of $726,675.04.

Samsara Trading Up 0.0 %

Shares of Samsara stock traded up $0.01 during trading hours on Wednesday, reaching $47.56. The stock had a trading volume of 5,326,538 shares, compared to its average volume of 3,787,144. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $48.11. The stock’s 50 day moving average is $39.68 and its 200 day moving average is $36.73. The firm has a market capitalization of $26.20 billion, a PE ratio of -95.18 and a beta of 1.50.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $289.53 million. During the same quarter last year, the firm posted ($0.11) EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, sell-side analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IOT. TD Cowen upped their price objective on shares of Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Wolfe Research reissued an “outperform” rating and set a $44.00 target price on shares of Samsara in a research note on Friday, June 28th. Wells Fargo & Company increased their price target on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Morgan Stanley lifted their price target on Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Samsara by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock worth $32,360,000 after acquiring an additional 79,773 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Samsara by 9.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,104 shares of the company’s stock valued at $504,000 after purchasing an additional 1,340 shares during the period. Norges Bank purchased a new position in shares of Samsara during the fourth quarter worth approximately $11,693,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Samsara in the fourth quarter valued at about $1,212,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Samsara during the 4th quarter worth approximately $206,000. 89.39% of the stock is currently owned by hedge funds and other 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.