Samsara Inc. (NYSE:IOT) Insider Lara Caimi Sells 19,379 Shares

Samsara Inc. (NYSE:IOT) insider Lara Caimi sold 19,379 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $39.00, for a total value of $755,781.00. Following the completion of the transaction, the insider now directly owns 1,196,989 shares in the company, valued at approximately $46,682,571. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lara Caimi also recently made the following trade(s):

• On Thursday, March 21st, Lara Caimi sold 19,379 shares of Samsara stock. The shares were sold at an average price of $37.26, for a total value of $722,061.54.

Samsara Stock Down 1.6 %

Shares of NYSE:IOT traded down $0.60 during trading on Thursday, reaching $37.79. 2,461,577 shares of the company’s stock traded hands, compared to its average volume of 3,896,507. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The firm has a market cap of $20.41 billion, a PE ratio of -71.30 and a beta of 1.55. The company has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $30.39.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently bought and sold shares of IOT. Vanguard Group Inc. boosted its holdings in Samsara by 84.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock worth $92,175,000 after buying an additional 3,495,366 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Samsara by 19.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company’s stock worth $495,421,000 after purchasing an additional 2,425,103 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Samsara by 188.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,318,500 shares of the company’s stock worth $91,956,000 after purchasing an additional 2,166,500 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Samsara in the 2nd quarter worth approximately $52,707,000. Finally, PointState Capital LP lifted its stake in Samsara by 62.7% in the 1st quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock worth $58,335,000 after purchasing an additional 1,402,994 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on IOT. Morgan Stanley increased their target price on Samsara from $25.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, December 1st. Royal Bank of Canada raised their target price on Samsara from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. raised their target price on Samsara from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Piper Sandler raised their target price on Samsara from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Finally, The Goldman Sachs Group lifted their price objective on Samsara from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.56.

About Samsara

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.