Lara Caimi Sells 7,508 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Lara Caimi sold 7,508 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $46.42, for a total value of $348,521.36. Following the completion of the sale, the insider now owns 1,093,535 shares of the company’s stock, valued at $50,761,894.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Samsara Stock Performance

Shares of IOT stock opened at $47.44 on Friday. The stock’s 50-day simple moving average is $39.21 and its 200-day simple moving average is $36.53. The firm has a market capitalization of $26.13 billion, a PE ratio of -94.88 and a beta of 1.50. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $47.68.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. Sell-side analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, September 6th. BMO Capital Markets upped their target price on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Wolfe Research restated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research note on Friday, June 28th. TD Cowen upped their price objective on Samsara from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Bank of America upped their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Samsara by 9.4% during the first 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. Resources Management Corp CT ADV grew its holdings in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the period. Cetera Advisors LLC grew its holdings in Samsara by 6.8% during the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after acquiring an additional 497 shares during the period. Ulland Investment Advisors LLC grew its holdings in Samsara by 33.6% during the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after acquiring an additional 500 shares during the period. Finally, Sands Capital Ventures LLC grew its holdings in Samsara by 18.7% during the second quarter. Sands Capital Ventures LLC now owns 4,239 shares of the company’s stock worth $143,000 after acquiring an additional 669 shares during the period. 89.39% of the stock is owned by institutional investors and hedge funds.

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.