Samsara Inc. (NYSE:IOT – Get Free Report) CAO Benjamin Louis Kirchhoff sold 1,683 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $34.53, for a total value of $58,113.99. Following the completion of the sale, the chief accounting officer directly owned 95,610 shares of the company’s stock, valued at approximately $3,301,413.30. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Tuesday, December 30th, Benjamin Louis Kirchhoff sold 1,683 shares of Samsara stock. The stock was sold at an average price of $36.13, for a total transaction of $60,806.79.
- On Wednesday, December 10th, Benjamin Louis Kirchhoff sold 1,609 shares of Samsara stock. The shares were sold at an average price of $44.44, for a total transaction of $71,503.96.
Samsara Price Performance
IOT opened at $34.99 on Monday. The company has a market capitalization of $20.19 billion, a PE ratio of -437.38 and a beta of 1.62. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The business has a 50-day moving average of $37.61 and a 200-day moving average of $37.61.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. BTIG Research began coverage on Samsara in a research report on Tuesday, December 16th. They set a “buy” rating and a $55.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. TD Cowen lifted their target price 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. Bank of America upped their target price on shares of Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.94.
Get Our Latest Stock Report on Samsara
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Samsara in the 2nd quarter worth $28,000. Versant Capital Management Inc increased its holdings in Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after purchasing an additional 851 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new position in Samsara in the second quarter valued at about $40,000. Whipplewood Advisors LLC boosted its holdings in Samsara by 349.8% during the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after buying an additional 850 shares during the last quarter. Finally, Optiver Holding B.V. grew its position in shares of Samsara by 953.2% during the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after buying an additional 1,058 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.
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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