Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 18,348 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $46.09, for a total value of $845,659.32. Following the completion of the transaction, the insider owned 683,425 shares of the company's stock, valued at approximately $31,499,058.25. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Dominic Phillips also recently made the following trade(s):
- On Monday, November 3rd, Dominic Phillips sold 18,348 shares of Samsara stock. The shares were sold at an average price of $40.39, for a total transaction of $741,075.72.
- On Wednesday, October 1st, Dominic Phillips sold 18,904 shares of Samsara stock. The stock was sold at an average price of $37.83, for a total transaction of $715,138.32.
- On Monday, September 15th, Dominic Phillips sold 46,253 shares of Samsara stock. The shares were sold at an average price of $39.15, for a total transaction of $1,810,804.95.
- On Wednesday, September 10th, Dominic Phillips sold 8,457 shares of Samsara stock. The stock was sold at an average price of $38.14, for a total transaction of $322,549.98.
Samsara Stock Performance
Shares of NYSE IOT opened at $43.73 on Tuesday. The company has a 50 day simple moving average of $38.59 and a two-hundred day simple moving average of $38.69. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of -546.65 and a beta of 1.61.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Samsara had a negative return on equity of 3.61% and a negative net margin of 2.79%.The company had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. During the same quarter in the prior year, the business posted $0.07 EPS. The firm's quarterly revenue was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on IOT. Morgan Stanley raised their price target on Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, September 8th. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday. 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 research note on Friday. Evercore ISI set a $50.00 price target on shares of Samsara and gave the company an "outperform" rating in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Samsara in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.
View Our Latest Report on Samsara
Institutional Investors Weigh In On Samsara
A number of large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company's stock valued at $47,000 after buying an additional 828 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Samsara by 7.1% in the third quarter. Swiss Life Asset Management Ltd now owns 25,947 shares of the company's stock worth $967,000 after acquiring an additional 1,719 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Samsara during the third quarter valued at $1,637,000. JPMorgan Chase & Co. lifted its holdings in Samsara by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 1,664,688 shares of the company's stock valued at $62,010,000 after acquiring an additional 284,174 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in Samsara in the third quarter worth about $379,000. Institutional investors own 96.02% of the company's stock.
Samsara Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
