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

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,801 shares of Samsara stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the completion of the transaction, the insider now owns 755,001 shares in the company, valued at approximately $38,482,400.97. This trade represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dominic Phillips also recently made the following trade(s):

• On Monday, December 16th, Dominic Phillips sold 64,629 shares of Samsara stock. The stock was 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 stock was sold at an average price of $50.45, for a total transaction of $1,015,861.20.

Samsara Price Performance

Shares of IOT opened at $54.60 on Friday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The stock has a market cap of $30.64 billion, a price-to-earnings ratio of -116.17 and a beta of 1.61. The firm has a 50 day simple moving average of $47.67 and a 200-day simple moving average of $46.26.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IOT. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial raised their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Craig Hallum assumed coverage on shares of Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Finally, Loop Capital raised their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.67.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in shares of Samsara during the fourth quarter valued at $31,000. Hobbs Group Advisors LLC purchased a new position in Samsara in the 3rd quarter valued at about $34,000. IFP Advisors Inc boosted its stake in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after buying an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Samsara

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.