Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 19,379 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Lara Caimi sold 19,379 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 1,196,989 shares in the company, valued at $46,682,571. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Trading Down 1.6 %

Shares of Samsara stock opened at $37.79 on Friday. The business has a 50-day moving average price of $34.50 and a two-hundred day moving average price of $30.44. Samsara Inc. has a 1-year low of $16.63 and a 1-year high of $40.54.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Samsara from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Piper Sandler upped their price target on Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 1st. Royal Bank of Canada increased their target price on Samsara from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Finally, The Goldman Sachs Group increased their price objective on Samsara from $31.00 to $35.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.56.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently modified their holdings of IOT. Vanguard Group Inc. increased its stake in shares of Samsara by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after purchasing an additional 917,389 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Samsara in the 4th quarter valued at approximately $208,000. Virtu Financial LLC purchased a new position in Samsara in the 4th quarter valued at approximately $540,000. GLOBALT Investments LLC GA purchased a new position in shares of Samsara during the 4th quarter valued at $2,184,000. Finally, Readystate Asset Management LP purchased a new position in shares of Samsara during the 4th quarter valued at $998,000. Institutional investors own 89.39% of the company’s stock.

Samsara Company Profile

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.