Dominic Phillips Sells 20,136 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 20,136 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $50.45, for a total value of $1,015,861.20. Following the completion of the sale, the insider now owns 882,664 shares in the company, valued at approximately $44,530,398.80. This represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dominic Phillips also recently made the following trade(s):

• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The shares were sold at an average price of $46.39, for a total transaction of $934,155.43.
• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The stock was sold at an average price of $46.79, for a total transaction of $970,752.13.
• On Monday, September 16th, Dominic Phillips sold 66,642 shares of Samsara stock. The stock was sold at an average price of $45.88, for a total value of $3,057,534.96.

Samsara Price Performance

NYSE IOT opened at $46.44 on Friday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The company has a market cap of $25.84 billion, a PE ratio of -98.81 and a beta of 1.53. The stock’s 50 day simple moving average is $50.49 and its 200-day simple moving average is $42.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC raised its position in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after buying an additional 497 shares during the last quarter. RFG Advisory LLC lifted its stake in Samsara by 41.5% in the 2nd quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock worth $421,000 after purchasing an additional 3,662 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Samsara by 165.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,848 shares of the company’s stock worth $534,000 after purchasing an additional 9,875 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Samsara in the second quarter valued at approximately $506,000. Finally, Swedbank AB acquired a new stake in shares of Samsara in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on IOT shares. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Piper Sandler raised their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial boosted their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Bank of America upped their price objective on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.29.

About Samsara

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.