Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 21,690 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $36.49, for a total value of $791,468.10. Following the completion of the sale, the insider now owns 1,137,252 shares of the company's stock, valued at approximately $41,498,325.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Dominic Phillips also recently made the following trade(s):
- On Friday, March 15th, Dominic Phillips sold 63,867 shares of Samsara stock. The stock was sold at an average price of $34.92, for a total value of $2,230,235.64.
Samsara Stock Performance
Shares of NYSE IOT opened at $34.47 on Thursday. The stock has a 50 day moving average price of $34.79 and a 200 day moving average price of $30.62. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54. The stock has a market capitalization of $18.62 billion, a PE ratio of -65.04 and a beta of 1.56.
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Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million during the quarter, compared to analysts' expectations of $258.56 million. As a group, research analysts forecast that Samsara Inc. will post -0.4 EPS for the current year.
Analyst Ratings Changes
Separately, StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.56.
Get Our Latest Analysis on Samsara
Institutional Trading of Samsara
A number of hedge funds have recently made changes to their positions in the business. Janney Capital Management LLC lifted its position in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company's stock valued at $345,000 after buying an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company's stock valued at $53,000 after buying an additional 381 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Samsara by 13.6% in the third quarter. Rhumbline Advisers now owns 4,594 shares of the company's stock valued at $116,000 after buying an additional 550 shares during the last quarter. Ulland Investment Advisors LLC lifted its holdings in Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company's stock worth $38,000 after purchasing an additional 600 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Samsara by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company's stock worth $2,216,000 after purchasing an additional 644 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.
Samsara Company Profile
(
Get Free Report)
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.
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