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

Samsara Inc. (NYSE:IOT - Get Free Report) Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.72, for a total transaction of $871,200.00. Following the transaction, the director now directly owns 373,579 shares of the company's stock, valued at $14,464,978.88. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Chadwick also recently made the following trade(s):

• On Thursday, December 26th, Jonathan Chadwick sold 22,500 shares of Samsara stock. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00.

Samsara Price Performance

Shares of Samsara stock traded up $0.77 on Friday, hitting $40.26. 7,499,106 shares of the company's stock traded hands, compared to its average volume of 3,546,326. The firm's 50-day moving average price is $47.80 and its two-hundred day moving average price is $48.09. The stock has a market capitalization of $22.59 billion, a PE ratio of -85.65 and a beta of 1.63. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90.

Analysts Set New Price Targets

Several equities analysts have issued reports on IOT shares. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a report on Monday, March 10th. Wells Fargo & Company decreased their price objective on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Piper Sandler raised shares of Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 target price for the company in a research note on Monday, March 10th. Finally, Raymond James started coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a "market perform" rating on the stock. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and a consensus target price of $49.60.

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Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after buying an additional 414 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Samsara during the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC acquired a new position in Samsara during the third quarter valued at approximately $34,000. IFP Advisors Inc increased its stake in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock valued at $35,000 after purchasing an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Samsara in the fourth quarter worth $38,000. 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.