Samsara Inc. (NYSE:IOT – Get Free Report) insider Dominic Phillips sold 18,348 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $34.24, for a total value of $628,235.52. Following the sale, the insider owned 573,114 shares in the company, valued at $19,623,423.36. The trade was a 3.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Dominic Phillips also recently made the following trade(s):
- On Monday, December 15th, Dominic Phillips sold 48,116 shares of Samsara stock. The shares were sold at an average price of $40.72, for a total transaction of $1,959,283.52.
- On Wednesday, December 10th, Dominic Phillips sold 8,231 shares of Samsara stock. The stock was sold at an average price of $44.46, for a total value of $365,950.26.
- On Friday, December 5th, Dominic Phillips sold 18,348 shares of Samsara stock. The shares were sold at an average price of $46.09, for a total transaction of $845,659.32.
- On Monday, November 3rd, Dominic Phillips sold 18,348 shares of Samsara stock. The stock was sold at an average price of $40.39, for a total transaction of $741,075.72.
Samsara Stock Performance
Shares of IOT opened at $34.26 on Tuesday. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The business’s fifty day moving average is $38.49 and its 200-day moving average is $37.93. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of -428.20 and a beta of 1.62.
Institutional Investors Weigh In On Samsara
Several hedge funds have recently added to or reduced their stakes in IOT. Brighton Jones LLC bought a new stake in Samsara during the 4th quarter valued at $13,464,000. Raymond James Financial Inc. grew its holdings in Samsara by 54.5% in the first quarter. Raymond James Financial Inc. now owns 93,169 shares of the company’s stock worth $3,571,000 after purchasing an additional 32,883 shares during the period. Vident Advisory LLC increased its position in Samsara by 66.2% during the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after buying an additional 5,691 shares in the last quarter. Royal Bank of Canada raised its position in shares of Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Samsara by 13.1% in the first quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company’s stock worth $116,000 after buying an additional 351 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on IOT shares. Piper Sandler upped their target price on shares of Samsara from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. TD Cowen raised their price target on shares of Samsara from $49.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, December 5th. BMO Capital Markets boosted their price objective on Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, Wells Fargo & Company lifted their target price on Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.27.
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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