Samsara Inc. (NYSE:IOT – Get Free Report) CAO Benjamin Kirchhoff sold 2,165 shares of Samsara stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $42.55, for a total transaction of $92,120.75. Following the transaction, the chief accounting officer directly owned 151,856 shares of the company’s stock, valued at approximately $6,461,472.80. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The stock was sold at an average price of $37.70, for a total transaction of $36,192.00.
Samsara Price Performance
Shares of NYSE:IOT opened at $40.00 on Friday. The firm has a market capitalization of $23.31 billion, a PE ratio of 250.01, a price-to-earnings-growth ratio of 10.01 and a beta of 1.35. The business has a 50 day simple moving average of $38.62 and a two-hundred day simple moving average of $34.09. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.
Wall Street Analysts Forecast Growth
IOT has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a report on Thursday, June 11th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. BMO Capital Markets increased their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Truist Financial increased their price objective on Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, September 4th. Finally, BTIG Research raised their price objective on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.05.
Get Our Latest Research Report on Samsara
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares during the period. Brown Advisory Inc. boosted its stake in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares in the last quarter. Wellington Management Group LLP increased its holdings in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after buying an additional 813,922 shares during the period. Geode Capital Management LLC increased its holdings in Samsara by 17.8% during the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after buying an additional 935,855 shares during the period. Finally, Bamco Inc. NY raised its stake in Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock worth $146,055,000 after buying an additional 741,200 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.
Samsara Company Profile
Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.
The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.
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