Samsara Inc. (NYSE:IOT) Insider Kiren Sekar Sells 77,824 Shares of Stock

Samsara Inc. (NYSE:IOTGet Rating) insider Kiren Sekar sold 77,824 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $12.23, for a total value of $951,787.52. Following the sale, the insider now directly owns 323,721 shares of the company’s stock, valued at $3,959,107.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Samsara Trading Down 1.9 %

Shares of NYSE:IOT opened at $12.39 on Tuesday. Samsara Inc. has a 12-month low of $8.72 and a 12-month high of $31.41. The business’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $13.64.

Samsara (NYSE:IOTGet Rating) last announced its quarterly earnings results on Wednesday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.11. The company had revenue of $153.52 million during the quarter, compared to analysts’ expectations of $143.70 million. As a group, equities analysts anticipate that Samsara Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Samsara from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Wells Fargo & Company lifted their target price on Samsara from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. The Goldman Sachs Group lowered Samsara from a “buy” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $16.00 in a research report on Monday, June 27th. Cowen decreased their target price on Samsara to $20.00 in a research report on Friday, May 27th. Finally, Evercore ISI lifted their target price on Samsara to $17.00 in a research report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price of $24.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Samsara by 61.6% during the 1st quarter. Royal Bank of Canada now owns 6,127 shares of the company’s stock worth $98,000 after buying an additional 2,335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Samsara during the 2nd quarter worth $33,000. Advisor Group Holdings Inc. purchased a new position in Samsara during the 4th quarter worth $93,000. Discovery Capital Management LLC CT grew its stake in Samsara by 2.0% during the 2nd quarter. Discovery Capital Management LLC CT now owns 250,000 shares of the company’s stock worth $2,793,000 after buying an additional 4,792 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Samsara by 84.1% during the 1st quarter. Qube Research & Technologies Ltd now owns 21,727 shares of the company’s stock valued at $348,000 after purchasing an additional 9,927 shares during the last quarter. 23.68% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

(Get Rating)

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.

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