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 that occurred on Monday, February 3rd. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97. Following the transaction, the insider now directly owns 755,001 shares in the company, valued at approximately $38,482,400.97. The trade was a 2.68 % decrease in their position. The sale 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 shares were sold at an average price of $45.95, for a total value 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 transaction of $1,015,861.20.

Samsara Trading Up 2.7 %

Samsara stock opened at $53.99 on Thursday. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of -114.88 and a beta of 1.61. The firm has a 50 day simple moving average of $47.66 and a 200 day simple moving average of $46.15. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Samsara during the fourth quarter valued at about $431,000. Jones Financial Companies Lllp purchased a new stake in shares of Samsara in the fourth quarter worth $31,000. US Bancorp DE grew its position in Samsara by 71.3% during the fourth quarter. US Bancorp DE now owns 5,283 shares of the company’s stock worth $231,000 after buying an additional 2,199 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Samsara during the 4th quarter valued at about $1,657,000. Finally, Impact Investors Inc purchased a new stake in Samsara in the fourth quarter valued at approximately $1,051,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. BMO Capital Markets upped their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Loop Capital raised their target price on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Piper Sandler boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.67.

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.