Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 19,379 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Lara Caimi sold 19,379 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $39.00, for a total value of $755,781.00. Following the completion of the sale, the insider now owns 1,196,989 shares in the company, valued at approximately $46,682,571. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lara Caimi also recently made the following trade(s):

• On Thursday, March 21st, Lara Caimi sold 19,379 shares of Samsara stock. The stock was sold at an average price of $37.26, for a total value of $722,061.54.

Samsara Stock Down 1.6 %

IOT stock traded down $0.60 during midday trading on Thursday, hitting $37.79. The company’s stock had a trading volume of 2,461,577 shares, compared to its average volume of 3,896,507. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54. The stock’s 50-day moving average price is $34.38 and its 200 day moving average price is $30.39. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of -71.30 and a beta of 1.55.

Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Samsara from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, December 1st. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Piper Sandler lifted their target price on Samsara from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. Royal Bank of Canada lifted their target price on Samsara from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Finally, Wells Fargo & Company boosted their price objective on Samsara from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IOT. Vanguard Group Inc. lifted its position in shares of Samsara by 84.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock valued at $92,175,000 after buying an additional 3,495,366 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Samsara by 19.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company’s stock valued at $495,421,000 after purchasing an additional 2,425,103 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Samsara by 188.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 3,318,500 shares of the company’s stock valued at $91,956,000 after purchasing an additional 2,166,500 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of Samsara during the 2nd quarter valued at $52,707,000. Finally, PointState Capital LP raised its stake in shares of Samsara by 62.7% during the 1st quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock valued at $58,335,000 after purchasing an additional 1,402,994 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

About Samsara

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.