James Andrew Munk Sells 1,093 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CAO James Andrew Munk sold 1,093 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the completion of the transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at approximately $15,123,445.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Samsara Price Performance

Shares of NYSE:IOT traded down $1.26 on Wednesday, reaching $46.03. The company’s stock had a trading volume of 10,485,346 shares, compared to its average volume of 3,747,288. Samsara Inc. has a 52-week low of $21.48 and a 52-week high of $47.68. The stock has a market capitalization of $25.35 billion, a P/E ratio of -88.98 and a beta of 1.50. The stock’s 50-day moving average is $38.58 and its two-hundred day moving average is $36.28.

Samsara (NYSE:IOT) last posted 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 company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative return on equity of 20.58% and a negative net margin of 24.19%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period last year, the firm earned ($0.11) EPS. Equities analysts forecast that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IOT shares. Morgan Stanley increased their price objective on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Samsara in a report on Friday, June 28th. Royal Bank of Canada raised their price objective on shares of Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Wells Fargo & Company upped their target price on shares of Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Evercore ISI lifted their price target on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.07.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after acquiring an additional 280 shares during the period. Janney Capital Management LLC lifted its position in 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 purchasing an additional 311 shares during the period. Resources Management Corp CT ADV boosted its holdings in Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares in the last quarter. Cetera Advisors LLC increased its position in Samsara by 6.8% during the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after purchasing an additional 497 shares during the period. Finally, Ulland Investment Advisors LLC raised its stake in shares of Samsara by 33.6% during the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after buying an additional 500 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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.