Jonathan Chadwick Sells 22,500 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT - Get Free Report) Director Jonathan Chadwick sold 22,500 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $45.37, for a total value of $1,020,825.00. Following the completion of the transaction, the director now owns 396,079 shares in the company, valued at $17,970,104.23. This represents a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Samsara Price Performance

Shares of IOT stock traded down $0.51 during trading hours on Monday, reaching $43.91. 2,039,308 shares of the stock were exchanged, compared to its average volume of 3,579,318. The business's fifty day moving average is $49.61 and its two-hundred day moving average is $43.60. The firm has a market capitalization of $24.64 billion, a P/E ratio of -93.43 and a beta of 1.53. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Institutional Investors Weigh In On Samsara

Large investors have recently modified their holdings of the company. Resources Management Corp CT ADV lifted its position in shares of Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after purchasing an additional 490 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in Samsara in the third quarter valued at $34,000. National Bank of Canada FI purchased a new stake in Samsara during the 2nd quarter worth about $38,000. Nemes Rush Group LLC acquired a new position in shares of Samsara during the 2nd quarter worth about $45,000. Finally, Continuum Advisory LLC increased its holdings in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Evercore ISI increased their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Truist Financial boosted their target price on Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, November 18th. Finally, BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $51.29.

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.