Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick Sells 12,206 Shares of Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 12,206 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.54, for a total transaction of $568,067.24. Following the sale, the director now owns 418,579 shares in the company, valued at $19,480,666.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Samsara Stock Performance

IOT opened at $47.56 on Thursday. Samsara Inc. has a one year low of $21.48 and a one year high of $48.11. The company has a market cap of $26.20 billion, a price-to-earnings ratio of -95.12 and a beta of 1.50. The business’s fifty day moving average is $39.93 and its two-hundred day moving average is $36.80.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. On average, analysts predict that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IOT shares. Wells Fargo & Company increased their price objective on shares of Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. BMO Capital Markets increased their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Truist Financial upped their price objective on Samsara from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Evercore ISI raised their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.07.

Institutional Investors Weigh In On Samsara

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. increased its stake in shares of Samsara by 18.1% during the 2nd quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company’s stock valued at $924,499,000 after acquiring an additional 4,207,974 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Samsara by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after purchasing an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. raised its stake in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after purchasing an additional 1,841,149 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after purchasing an additional 500,400 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Samsara by 12.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company’s stock valued at $84,225,000 after buying an additional 243,170 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Company Profile

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.