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 transaction of $58,113.99. Following the completion of the sale, the chief accounting officer directly owned 95,610 shares of the company’s stock, valued at $3,301,413.30. The trade was a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 stock was 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 shares were sold at an average price of $44.44, for a total transaction of $71,503.96.
Samsara Price Performance
Shares of IOT traded up $0.73 during mid-day trading on Friday, hitting $34.99. The company’s stock had a trading volume of 7,995,625 shares, compared to its average volume of 7,062,042. The stock 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. The firm has a 50-day moving average price of $37.69 and a 200 day moving average price of $37.66.
Institutional Investors Weigh In On Samsara
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Samsara during the second quarter worth about $28,000. Versant Capital Management Inc raised its stake in shares of Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after buying an additional 851 shares during the period. Family Legacy Financial Solutions LLC purchased a new stake in Samsara during the second quarter valued at about $40,000. Whipplewood Advisors LLC boosted its holdings in Samsara by 349.8% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after buying an additional 850 shares during the period. Finally, Optiver Holding B.V. grew its position in shares of Samsara by 953.2% in the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after purchasing an additional 1,058 shares in the last quarter. 96.02% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on IOT shares. KeyCorp initiated coverage on shares of Samsara in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $55.00 price objective for the company. BNP Paribas Exane raised shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday. TD Cowen increased their price objective on shares of Samsara from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Zacks Research raised shares of Samsara from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.94.
View Our Latest Stock Analysis on IOT
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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