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

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,801 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the transaction, the insider now directly owns 755,001 shares in the company, valued at $38,482,400.97. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $50.45, for a total value of $1,015,861.20.

Samsara Price Performance

Shares of IOT stock traded up $1.40 on Wednesday, reaching $53.99. 2,475,081 shares of the stock were exchanged, compared to its average volume of 2,532,221. The stock has a 50 day moving average price of $47.66 and a 200 day moving average price of $46.15. The stock has a market cap of $30.30 billion, a PE ratio of -114.88 and a beta of 1.61. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IOT shares. TD Cowen boosted their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their price objective on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Berenberg Bank assumed coverage on Samsara in a research note on Monday. They issued a “hold” rating and a $57.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Samsara has a consensus rating of “Hold” and an average target price of $51.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised its stake in shares of Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after purchasing an additional 1,777,757 shares during the period. FMR LLC boosted its position in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after purchasing an additional 734,619 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Samsara by 55.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after buying an additional 650,982 shares during the period. 96.02% of the stock is currently 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.