Benjamin Calderon Sells 35,519 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOTGet Rating) insider Benjamin Calderon sold 35,519 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $12.25, for a total value of $435,107.75. Following the transaction, the insider now directly owns 115,583 shares of the company’s stock, valued at approximately $1,415,891.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Benjamin Calderon also recently made the following trade(s):

  • On Thursday, July 7th, Benjamin Calderon sold 39,715 shares of Samsara stock. The shares were sold at an average price of $14.01, for a total value of $556,407.15.

Samsara Stock Performance

Shares of NYSE IOT opened at $11.84 on Friday. Samsara Inc. has a one year low of $8.72 and a one year high of $31.41. The business has a 50-day moving average price of $14.50 and a two-hundred day moving average price of $13.60.

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

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Samsara during the 2nd quarter worth about $33,000. Advisor Group Holdings Inc. bought a new position in shares of Samsara in the 4th quarter valued at approximately $93,000. Royal Bank of Canada raised its stake in shares of Samsara by 61.6% in the 1st quarter. Royal Bank of Canada now owns 6,127 shares of the company’s stock valued at $98,000 after acquiring an additional 2,335 shares in the last quarter. Staley Capital Advisers Inc. bought a new position in shares of Samsara in the 2nd quarter valued at approximately $134,000. Finally, Main Street Financial Solutions LLC bought a new position in shares of Samsara in the 2nd quarter valued at approximately $172,000. 23.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the subject of several research reports. Moffett Nathanson initiated coverage on Samsara in a research note on Thursday. They set a “buy” rating and a $40.00 target price for the company. Royal Bank of Canada raised their target price on Samsara from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Cowen decreased their target price on Samsara to $20.00 in a research note on Friday, May 27th. Evercore ISI increased their price target on Samsara to $17.00 in a research report on Tuesday, September 6th. Finally, The Goldman Sachs Group lowered Samsara from a “buy” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $16.00 in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

About Samsara

(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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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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