Samsara Inc. (NYSE:IOT – Get Free Report) CAO Benjamin Louis Kirchhoff sold 1,683 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $34.53, for a total value of $58,113.99. Following the sale, the chief accounting officer owned 95,610 shares in the company, valued at approximately $3,301,413.30. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Tuesday, December 30th, Benjamin Louis Kirchhoff sold 1,683 shares of Samsara stock. The shares were sold at an average price of $36.13, for a total value of $60,806.79.
- On Wednesday, December 10th, Benjamin Louis Kirchhoff sold 1,609 shares of Samsara stock. The stock was sold at an average price of $44.44, for a total value of $71,503.96.
Samsara Stock Performance
IOT stock opened at $34.99 on Friday. The company’s 50 day moving average price is $37.61 and its 200 day moving average price is $37.63. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of -437.38 and a beta of 1.62. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90.
Analyst Ratings Changes
IOT has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price target on Samsara from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, December 5th. KeyCorp began coverage on Samsara in a research report on Tuesday, December 9th. They set an “overweight” rating and a $55.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Samsara from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.94.
Get Our Latest Stock Analysis on Samsara
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Samsara in the second quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Samsara by 6,078.6% in the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after acquiring an additional 851 shares during the period. Family Legacy Financial Solutions LLC purchased a new stake in Samsara in the 2nd quarter valued at $40,000. Whipplewood Advisors LLC boosted its stake in Samsara by 349.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after purchasing an additional 850 shares during the period. Finally, Allworth Financial LP grew its position in Samsara by 906.9% during the 2nd quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock worth $46,000 after purchasing an additional 1,052 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Samsara Company Profile
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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