Dominic Phillips Sells 20,801 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,801 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the completion of the transaction, the insider now directly owns 755,001 shares in the company, valued at $38,482,400.97. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 16th, Dominic Phillips sold 64,629 shares of Samsara stock. The stock was sold at an average price of $45.95, for a total transaction of $2,969,702.55.
• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The stock was sold at an average price of $50.45, for a total transaction of $1,015,861.20.

Samsara Stock Performance

NYSE IOT opened at $54.02 on Friday. The firm has a 50-day simple moving average of $47.66 and a 200 day simple moving average of $46.20. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The stock has a market cap of $30.32 billion, a PE ratio of -114.94 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Morgan Stanley increased their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets increased their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.67.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently made changes to their positions in IOT. Vestmark Advisory Solutions Inc. lifted its stake in Samsara by 85.2% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 10,486 shares of the company’s stock worth $458,000 after purchasing an additional 4,824 shares during the period. Raymond James Financial Inc. bought a new position in Samsara during the fourth quarter worth about $2,634,000. Arizona State Retirement System lifted its stake in Samsara by 6.8% during the fourth quarter. Arizona State Retirement System now owns 63,450 shares of the company’s stock worth $2,772,000 after purchasing an additional 4,024 shares during the period. Assetmark Inc. bought a new position in Samsara during the fourth quarter worth about $433,000. Finally, Victory Capital Management Inc. lifted its stake in Samsara by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 76,442 shares of the company’s stock worth $3,340,000 after purchasing an additional 8,591 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.