Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 20,747 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,747 shares of Samsara stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $46.79, for a total value of $970,752.13. Following the sale, the insider now owns 882,664 shares in the company, valued at $41,299,848.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 16th, Dominic Phillips sold 66,642 shares of Samsara stock. The shares were sold at an average price of $45.88, for a total transaction of $3,057,534.96.
• On Thursday, August 1st, Dominic Phillips sold 20,491 shares of Samsara stock. The stock was sold at an average price of $36.91, for a total transaction of $756,322.81.

Samsara Trading Down 2.3 %

Samsara stock traded down $1.08 on Wednesday, reaching $45.66. 3,380,594 shares of the stock were exchanged, compared to its average volume of 3,778,664. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $50.07. The stock has a market cap of $25.15 billion, a PE ratio of -93.46 and a beta of 1.50. The firm has a fifty day moving average price of $42.00 and a two-hundred day moving average price of $37.57.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm posted ($0.11) EPS. Equities analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 280 shares during the period. Resources Management Corp CT ADV boosted its holdings in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after buying an additional 490 shares during the last quarter. Cetera Advisors LLC grew its position in shares of Samsara by 6.8% during the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after acquiring an additional 497 shares during the period. Sands Capital Ventures LLC lifted its position in shares of Samsara by 18.7% during the 2nd quarter. Sands Capital Ventures LLC now owns 4,239 shares of the company’s stock valued at $143,000 after buying an additional 669 shares during the last quarter. Finally, Nvwm LLC boosted its position in Samsara by 4.2% during the first quarter. Nvwm LLC now owns 17,239 shares of the company’s stock worth $651,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IOT. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Wolfe Research restated an “outperform” rating and issued a $44.00 target price on shares of Samsara in a report on Friday, June 28th. Loop Capital boosted their target price on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company boosted their price target on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $42.07.

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.