Jonathan Chadwick Sells 9,154 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT – Get Rating) Director Jonathan Chadwick sold 9,154 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $18.99, for a total value of $173,834.46. Following the completion of the transaction, the director now owns 477,604 shares in the company, valued at $9,069,699.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Samsara Price Performance

Shares of IOT stock opened at $19.02 on Friday. Samsara Inc. has a 1 year low of $8.42 and a 1 year high of $21.49. The stock’s 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $13.05. The company has a market cap of $9.87 billion, a PE ratio of -39.62 and a beta of 0.92.

Samsara (NYSE:IOT – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Samsara had a negative return on equity of 21.12% and a negative net margin of 37.92%. The business had revenue of $186.58 million for the quarter, compared to the consensus estimate of $172.77 million. Equities research analysts expect that Samsara Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Samsara from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Royal Bank of Canada boosted their price objective on Samsara from $15.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, February 27th. JPMorgan Chase & Co. boosted their target price on Samsara from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, March 3rd. StockNews.com began coverage on Samsara in a research report on Thursday. They issued a “sell” rating on the stock. Finally, Piper Sandler began coverage on Samsara in a research report on Wednesday. They issued a “neutral” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.90.

Institutional Investors Weigh In On Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC purchased a new stake in Samsara during the fourth quarter valued at approximately $933,000. Macquarie Group Ltd. grew its stake in shares of Samsara by 37.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock valued at $30,000 after buying an additional 649 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of Samsara during the fourth quarter valued at approximately $44,000. State of Wyoming bought a new position in shares of Samsara during the fourth quarter valued at approximately $27,000. Finally, Lazard Asset Management LLC bought a new position in shares of Samsara during the fourth quarter valued at approximately $127,000. 43.05% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.