Samsara Inc. (NYSE:IOT – Get Free Report) CAO Benjamin Louis Kirchhoff sold 1,731 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $26.64, for a total transaction of $46,113.84. Following the transaction, the chief accounting officer directly owned 121,913 shares of the company’s stock, valued at $3,247,762.32. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Thursday, January 15th, Benjamin Louis Kirchhoff sold 1,683 shares of Samsara stock. The shares were sold at an average price of $34.53, for a total transaction of $58,113.99.
- On Tuesday, December 30th, Benjamin Louis Kirchhoff sold 1,683 shares of Samsara stock. The stock was sold at an average price of $36.13, for a total transaction 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 transaction of $71,503.96.
Samsara Stock Performance
NYSE IOT traded down $0.12 on Thursday, reaching $26.81. 6,291,614 shares of the company’s stock traded hands, compared to its average volume of 8,742,246. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $58.43. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of -335.13 and a beta of 1.61. The stock has a 50 day moving average price of $32.80 and a 200-day moving average price of $36.03.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Wells Fargo & Company lowered their price objective on Samsara from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. The Goldman Sachs Group began coverage on shares of Samsara in a report on Wednesday, February 11th. They set a “buy” rating and a $36.00 price target on the stock. Jefferies Financial Group set a $57.00 price target on shares of Samsara in a research report on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Samsara in a report on Friday, December 5th. Finally, Truist Financial lowered their target price on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $46.69.
View Our Latest Report on Samsara
Hedge Funds Weigh In On Samsara
A number of large investors have recently added to or reduced their stakes in IOT. Pinegrove Venture Partners LLC increased its stake in Samsara by 46.0% during the 3rd quarter. Pinegrove Venture Partners LLC now owns 556,582 shares of the company’s stock worth $20,733,000 after buying an additional 175,411 shares during the period. Lazard Freres Gestion S.A.S. purchased a new position in Samsara in the 3rd quarter valued at approximately $2,235,000. Bessemer Group Inc. grew its stake in shares of Samsara by 19.8% in the third quarter. Bessemer Group Inc. now owns 1,728,322 shares of the company’s stock worth $64,379,000 after acquiring an additional 286,193 shares in the last quarter. LBP AM SA increased its position in shares of Samsara by 13.9% during the third quarter. LBP AM SA now owns 313,987 shares of the company’s stock worth $11,696,000 after acquiring an additional 38,235 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Samsara by 28.9% during the second quarter. JPMorgan Chase & Co. now owns 1,380,514 shares of the company’s stock worth $54,917,000 after acquiring an additional 309,920 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.
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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