Samsara Inc. (NYSE:IOT – Get 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 transaction of $951,787.52. Following the transaction, the insider now directly owns 323,721 shares of the company's stock, valued at $3,959,107.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Samsara Price Performance
Samsara stock opened at $12.39 on Tuesday. The company's fifty day moving average price is $14.60 and its 200 day moving average price is $13.64. Samsara Inc. has a 1 year low of $8.72 and a 1 year high of $31.41.
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Samsara (NYSE:IOT – Get Rating) last announced its earnings results on Wednesday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.11. The business had revenue of $153.52 million for the quarter, compared to analyst estimates of $143.70 million. On average, sell-side analysts predict that Samsara Inc. will post -0.56 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Samsara from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, August 18th. The Goldman Sachs Group lowered shares of Samsara from a "buy" rating to a "neutral" rating and cut their target price for the company from $27.00 to $16.00 in a report on Monday, June 27th. Wells Fargo & Company lifted their target price on shares of Samsara from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, September 1st. Evercore ISI lifted their target price on shares of Samsara to $17.00 in a report on Tuesday, September 6th. Finally, Cowen cut their target price on shares of Samsara to $20.00 in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Samsara has a consensus rating of "Moderate Buy" and an average price target of $24.44.
Institutional Investors Weigh In On Samsara
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted 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 purchasing an additional 2,335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Samsara during the 2nd quarter worth $33,000. Advisor Group Holdings Inc. acquired a new position in shares of Samsara during the 4th quarter valued at about $93,000. Discovery Capital Management LLC CT boosted its position in shares of Samsara by 2.0% during the 2nd quarter. Discovery Capital Management LLC CT now owns 250,000 shares of the company's stock valued at $2,793,000 after acquiring an additional 4,792 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of 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 acquiring an additional 9,927 shares during the last quarter. Institutional investors and hedge funds own 23.68% of the company's stock.
About Samsara
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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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