Jonathan Chadwick Sells 22,500 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 22,500 shares of Samsara stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares of the company’s stock, valued at approximately $14,464,978.88. The trade was a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jonathan Chadwick also recently made the following trade(s):

• On Thursday, December 26th, Jonathan Chadwick sold 22,500 shares of Samsara stock. The stock was sold at an average price of $45.37, for a total value of $1,020,825.00.

Samsara Stock Up 4.8 %

IOT stock traded up $1.83 during midday trading on Wednesday, hitting $39.94. The company’s stock had a trading volume of 5,593,905 shares, compared to its average volume of 3,560,132. The stock’s 50-day moving average price is $48.05 and its 200 day moving average price is $48.15. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of -84.98 and a beta of 1.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in Samsara by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 312,209 shares of the company’s stock worth $13,640,000 after purchasing an additional 2,577 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Samsara by 18.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,089 shares of the company’s stock valued at $703,000 after buying an additional 2,539 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Samsara during the 4th quarter valued at $2,062,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Samsara during the 4th quarter valued at $398,000. Finally, Cim LLC raised its stake in shares of Samsara by 1.3% during the 4th quarter. Cim LLC now owns 31,164 shares of the company’s stock valued at $1,362,000 after purchasing an additional 386 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price for the company. Truist Financial lowered their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Sandler upgraded Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price objective on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Samsara Company Profile

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.