Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 21,157 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $38.37, for a total transaction of $811,794.09. Following the completion of the sale, the insider now owns 638,642 shares of the company's stock, valued at $24,504,693.54. This trade represents a 3.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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 transaction of $2,089,572.40.
- On Monday, February 3rd, Dominic Phillips sold 20,801 shares of Samsara stock. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97.
Samsara Trading Up 0.1 %
Shares of IOT traded up $0.04 during trading hours on Monday, hitting $33.50. The company had a trading volume of 9,619,457 shares, compared to its average volume of 3,701,932. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company's fifty day moving average price is $45.98 and its two-hundred day moving average price is $47.57. The company has a market capitalization of $19.07 billion, a PE ratio of -71.27 and a beta of 1.71.
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Institutional Trading of Samsara
Several hedge funds have recently modified their holdings of IOT. SBI Securities Co. Ltd. bought a new position in shares of Samsara during the 4th quarter worth approximately $431,000. State Street Corp increased its position in shares of Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company's stock worth $102,283,000 after purchasing an additional 95,006 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock valued at $2,981,000 after purchasing an additional 40,833 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company's stock worth $82,004,000 after purchasing an additional 47,911 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company's stock worth $916,555,000 after buying an additional 863,197 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Truist Financial decreased their price target on Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Berenberg Bank initiated coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, BMO Capital Markets raised shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.60.
Get Our Latest Analysis on IOT
Samsara Company Profile
(Get Free Report)
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.
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