Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 21,157 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 21,157 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total transaction of $811,794.09. Following the transaction, the insider now directly owns 638,642 shares in the company, valued at approximately $24,504,693.54. This trade represents a 3.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, March 17th, Dominic Phillips sold 54,134 shares of Samsara stock. The stock was sold at an average price of $38.60, for a total value of $2,089,572.40.
• On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The stock was sold at an average price of $50.97, for a total value of $1,060,226.97.

Samsara Stock Down 1.8 %

IOT stock opened at $38.09 on Thursday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market capitalization of $21.38 billion, a PE ratio of -81.04 and a beta of 1.63. The firm has a 50 day moving average of $46.86 and a 200 day moving average of $47.86.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Samsara by 7.3% in the 4th quarter. Wellington Management Group LLP now owns 8,538 shares of the company’s stock worth $373,000 after acquiring an additional 579 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Samsara by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 312,209 shares of the company’s stock valued at $13,640,000 after purchasing an additional 2,577 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Samsara by 18.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,089 shares of the company’s stock worth $703,000 after purchasing an additional 2,539 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Samsara during the fourth quarter worth about $2,062,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Samsara in the fourth quarter valued at approximately $398,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company cut their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a report on Monday, March 10th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.60.

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.