Samsara Inc. (NYSE:IOT) Director Sells $1,020,825.00 in Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 22,500 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00. Following the transaction, the director now owns 396,079 shares of the company’s stock, valued at $17,970,104.23. The trade was a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Samsara Stock Down 0.5 %

Shares of IOT opened at $43.69 on Thursday. The company has a 50 day moving average of $49.45 and a 200-day moving average of $43.81. The stock has a market capitalization of $24.52 billion, a P/E ratio of -92.96 and a beta of 1.53. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV boosted its stake 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 buying an additional 490 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Samsara during the third quarter worth about $34,000. National Bank of Canada FI acquired a new position in Samsara during the second quarter valued at approximately $38,000. Nemes Rush Group LLC bought a new position in Samsara in the second quarter valued at approximately $45,000. Finally, Continuum Advisory LLC increased its position in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BNP Paribas began coverage on Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Evercore ISI lifted their price objective on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.