Samsara Inc. (NYSE:IOT) CAO Sells $621,536.36 in Stock

Samsara Inc. (NYSE:IOT) CAO James Andrew Munk sold 13,547 shares of Samsara stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.88, for a total value of $621,536.36. Following the completion of the transaction, the chief accounting officer now directly owns 306,120 shares in the company, valued at $14,044,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

James Andrew Munk also recently made the following trade(s):

• On Tuesday, September 10th, James Andrew Munk sold 1,093 shares of Samsara stock. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83.

Samsara Price Performance

Shares of NYSE IOT traded up $0.01 during mid-day trading on Wednesday, reaching $47.56. 5,326,538 shares of the company’s stock traded hands, compared to its average volume of 3,787,144. The business has a 50-day simple moving average of $39.68 and a 200 day simple moving average of $36.73. The stock has a market cap of $26.20 billion, a P/E ratio of -95.18 and a beta of 1.50. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $48.11.

Samsara (NYSE:IOT) last released its quarterly earnings results 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. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Equities research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IOT. Morgan Stanley lifted their target price on shares of Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Wells Fargo & Company lifted their price objective on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. 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. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Loop Capital lifted their price objective on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Institutional Investors Weigh In On Samsara

Several large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares during the last quarter. Resources Management Corp CT ADV grew its position in shares of Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. Cetera Advisors LLC increased its stake in shares of 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 purchasing an additional 497 shares during the last quarter. Ulland Investment Advisors LLC raised its holdings in shares of Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after purchasing an additional 500 shares during the period. Finally, Sands Capital Ventures LLC lifted its stake in Samsara by 18.7% in the second quarter. Sands Capital Ventures LLC now owns 4,239 shares of the company’s stock valued at $143,000 after purchasing an additional 669 shares during the last quarter. 89.39% of the stock is 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.