Samsara Inc. (NYSE:IOT – Get Rating) insider Kiren Sekar sold 53,472 shares of the stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $13.23, for a total transaction of $707,434.56. Following the sale, the insider now owns 343,781 shares of the company's stock, valued at $4,548,222.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kiren Sekar also recently made the following trade(s):
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- On Thursday, January 26th, Kiren Sekar sold 53,472 shares of Samsara stock. The stock was sold at an average price of $13.25, for a total transaction of $708,504.00.
- On Thursday, December 15th, Kiren Sekar sold 78,590 shares of Samsara stock. The stock was sold at an average price of $12.34, for a total transaction of $969,800.60.
Samsara Price Performance
IOT opened at $13.76 on Friday. The company's 50-day moving average is $11.78 and its 200 day moving average is $12.66. Samsara Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $25.42. The firm has a market capitalization of $7.14 billion and a P/E ratio of -12.98.
Samsara (NYSE:IOT – Get Rating) last released its quarterly earnings results on Thursday, December 1st. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.03. Samsara had a negative net
margin of 75.47% and a negative return on equity of 21.98%. The company had revenue of $169.80 million for the quarter, compared to analyst estimates of $155.64 million. On average, equities research analysts expect that Samsara Inc. will post -0.51 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Samsara by 84.4% during the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company's stock valued at $92,175,000 after purchasing an additional 3,495,366 shares in the last quarter. PointState Capital LP increased its holdings in Samsara by 18.1% during the third quarter. PointState Capital LP now owns 5,279,098 shares of the company's stock worth $63,719,000 after buying an additional 809,646 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Samsara by 5.1% during the third quarter. Alliancebernstein L.P. now owns 4,951,544 shares of the company's stock worth $59,765,000 after buying an additional 239,226 shares during the last quarter. Abdiel Capital Advisors LP increased its holdings in Samsara by 1.7% during the third quarter. Abdiel Capital Advisors LP now owns 3,326,902 shares of the company's stock worth $40,156,000 after buying an additional 54,151 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Samsara by 1.8% during the third quarter. BlackRock Inc. now owns 3,229,446 shares of the company's stock worth $38,978,000 after buying an additional 57,217 shares during the last quarter. 43.05% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Evercore ISI cut their target price on shares of Samsara to $15.00 in a research note on Friday, December 2nd. StockNews.com assumed coverage on shares of Samsara in a research note on Wednesday, October 12th. They set a "sell" rating on the stock. Morgan Stanley cut their target price on shares of Samsara from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Samsara from $19.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.38.
Samsara Company Profile
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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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