Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 54,134 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 54,134 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.60, for a total transaction of $2,089,572.40. Following the completion of the transaction, the insider now directly owns 638,642 shares of the company’s stock, valued at $24,651,581.20. The trade was a 7.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The shares were sold at an average price of $50.97, for a total transaction of $1,060,226.97.

Samsara Stock Performance

Shares of NYSE:IOT opened at $39.94 on Thursday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market capitalization of $22.41 billion, a P/E ratio of -84.98 and a beta of 1.63. The stock has a 50-day simple moving average of $47.96 and a 200-day simple moving average of $48.10.

Analysts Set New Price Targets

Several analysts have commented on the company. Cowen restated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Royal Bank of Canada lowered their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Morgan Stanley lifted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target for the company. Finally, Craig Hallum restated a “hold” rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock worth $916,555,000 after acquiring an additional 863,197 shares during the period. FMR LLC boosted its holdings in Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after acquiring an additional 2,852,575 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after acquiring an additional 2,148,081 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Samsara by 4.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after acquiring an additional 138,702 shares during the period. Finally, Invesco Ltd. boosted its holdings in Samsara by 13.7% in the 4th quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock worth $151,908,000 after acquiring an additional 419,163 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.