Susan L. Bostrom Sells 10000 Shares of Samsara Inc. (NYSE:IOT) Stock – MarketBeat

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Samsara Inc. (NYSE:IOTGet Free Report) Director Susan L. Bostrom sold 10,000 shares of Samsara stock in a transaction on Monday, December 11th. The stock was sold at an average price of $34.12, for a total transaction of $341,200.00. Following the transaction, the director now directly owns 254,054 shares in the company, valued at $8,668,322.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Samsara Trading Up 5.1 %

Shares of NYSE:IOT traded up $1.74 during trading on Wednesday, hitting $35.92. 4,818,905 shares of the company were exchanged, compared to its average volume of 3,118,900. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of -85.52 and a beta of 1.50. Samsara Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $35.99. The firm has a fifty day moving average price of $26.55 and a two-hundred day moving average price of $26.52.

Analyst Ratings Changes

A number of research analysts have weighed in on IOT shares. Piper Sandler lifted their price target on shares of Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. The Goldman Sachs Group upped their target price on shares of Samsara from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada lifted their price target on Samsara from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. FBN Securities initiated coverage on Samsara in a research report on Wednesday, October 25th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Samsara from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.56.

Get Our Latest Stock Report on IOT

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of Samsara during the 1st quarter worth approximately $4,019,000. 1832 Asset Management L.P. increased its position in Samsara by 188.1% during the second quarter. 1832 Asset Management L.P. now owns 3,318,500 shares of the company’s stock worth $91,956,000 after buying an additional 2,166,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Samsara during the first quarter worth approximately $3,279,000. Teacher Retirement System of Texas increased its position in Samsara by 67.1% during the second quarter. Teacher Retirement System of Texas now owns 22,427 shares of the company’s stock worth $621,000 after buying an additional 9,005 shares during the last quarter. Finally, Swiss National Bank increased its position in Samsara by 26.7% during the second quarter. Swiss National Bank now owns 242,300 shares of the company’s stock worth $6,714,000 after buying an additional 51,100 shares during the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.

About Samsara

(Get Free Report)

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.

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