Samsara Inc. (NYSE:IOT – Get Rating) insider Kiren Sekar sold 53,472 shares of Samsara stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $13.23, for a total value of $707,434.56. Following the sale, the insider now directly owns 343,781 shares in the company, valued at $4,548,222.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kiren Sekar also recently made the following trade(s):
Get Samsara alerts:- 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 value 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 value of $969,800.60.
Samsara Trading Up 2.2 %
NYSE:IOT opened at $13.76 on Friday. Samsara Inc. has a 1 year low of $8.42 and a 1 year high of $25.42. The firm has a 50 day moving average of $11.87 and a 200-day moving average of $12.67. The stock has a market capitalization of $7.14 billion and a P/E ratio of -12.98.
Samsara (NYSE:IOT – Get Rating) last posted its earnings results on Thursday, December 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.03. The company had revenue of $169.80 million during the quarter, compared to analysts' expectations of $155.64 million. Samsara had a negative net margin of 75.47% and a negative return on equity of 21.98%. As a group, analysts forecast that Samsara Inc. will post -0.51 EPS for the current fiscal year.Analyst Ratings Changes
A number of brokerages have commented on IOT. Evercore ISI cut their price target on shares of Samsara to $15.00 in a research note on Friday, December 2nd. Morgan Stanley cut their price target on shares of Samsara from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, November 22nd. StockNews.com began coverage on shares of Samsara in a research note on Wednesday, October 12th. They set a "sell" rating for the company. Finally, Royal Bank of Canada cut their price target on shares of Samsara from $19.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.38.
Institutional Trading of Samsara
A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Samsara in the second quarter valued at approximately $33,000. TFC Financial Management acquired a new stake in shares of Samsara in the third quarter valued at approximately $36,000. IFP Advisors Inc acquired a new stake in shares of Samsara in the third quarter valued at approximately $44,000. RFP Financial Group LLC acquired a new stake in shares of Samsara in the fourth quarter valued at approximately $44,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of Samsara in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 43.05% of the company's stock.
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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