Samsara Inc. (NYSE:IOT) Insider Dominic Phillips Sells 21,690 Shares

Samsara Inc. (NYSE:IOTGet Free Report) insider Dominic Phillips sold 21,690 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $36.49, for a total value of $791,468.10. Following the completion of the transaction, the insider now directly owns 1,137,252 shares in the company, valued at $41,498,325.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

NYSE IOT opened at $34.47 on Thursday. The company has a market cap of $18.62 billion, a P/E ratio of -65.04 and a beta of 1.56. The business’s 50 day moving average price is $34.79 and its 200-day moving average price is $30.62. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54.

Samsara (NYSE:IOTGet Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, equities analysts predict that Samsara Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Samsara presently has an average rating of “Hold” and an average price target of $31.56.

Check Out Our Latest Analysis on IOT

Hedge Funds Weigh In On Samsara

Several large investors have recently modified their holdings of IOT. Bank of New York Mellon Corp bought a new position in Samsara in the 1st quarter valued at $558,000. PNC Financial Services Group Inc. grew its position in Samsara by 141.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,170 shares of the company’s stock valued at $322,000 after acquiring an additional 11,820 shares during the last quarter. BlackRock Inc. grew its position in Samsara by 17.3% in the 1st quarter. BlackRock Inc. now owns 3,227,576 shares of the company’s stock valued at $51,704,000 after acquiring an additional 477,013 shares during the last quarter. Vanguard Group Inc. grew its position in Samsara by 52.8% in the 1st quarter. Vanguard Group Inc. now owns 3,033,132 shares of the company’s stock valued at $48,591,000 after acquiring an additional 1,048,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in Samsara in the 1st quarter valued at $3,109,000. Institutional investors own 89.39% of the company’s stock.

About Samsara

(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.

Further Reading

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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