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

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 20,801 shares of Samsara stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97. Following the completion of the transaction, the insider now owns 755,001 shares of the company's stock, valued at approximately $38,482,400.97. This represents a 2.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 Trading Up 1.1 %

NYSE IOT traded up $0.58 during trading hours on Friday, reaching $54.60. 3,283,462 shares of the company traded hands, compared to its average volume of 2,405,116. The stock has a market capitalization of $30.64 billion, a PE ratio of -116.17 and a beta of 1.61. The company has a 50 day moving average of $47.69 and a two-hundred day moving average of $46.44. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler increased their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Samsara from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Craig Hallum assumed coverage on Samsara in a report on Tuesday, October 22nd. They issued a "hold" rating and a $48.00 price target for the company. Truist Financial increased their price target on shares of Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a report on Monday, November 18th. Finally, Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $51.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IOT. State Street Corp raised its holdings in Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company's stock worth $102,283,000 after buying an additional 95,006 shares during the period. HighTower Advisors LLC grew its position in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock worth $2,981,000 after purchasing an additional 40,833 shares in the last quarter. Swiss National Bank boosted its position in shares of Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company's stock worth $29,623,000 after buying an additional 18,400 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Samsara during the fourth quarter valued at $422,000. Finally, International Assets Investment Management LLC raised its position in Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company's stock valued at $521,000 after buying an additional 10,452 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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.