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SAN FRANCISCO—Dominic Phillips, Executive Vice President and Chief Financial Officer of Samsara Inc. (NYSE:IOT), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Phillips sold a total of 54,134 shares of Class A Common Stock on March 17, 2025. The shares were sold at prices ranging from $37.50 to $39.39, generating approximately $2.09 million in proceeds. The stock currently trades at $39.84, showing significant volatility according to InvestingPro data.
The transactions were executed to cover tax withholding obligations related to the settlement of restricted stock units (RSUs) awards. Following these sales, Phillips holds 638,642 shares directly and an additional 1,124,041 shares indirectly through the Phillips Family Trust.
Samsara, a leader in computer-integrated systems design, is headquartered in San Francisco. The company specializes in providing technology solutions for various industries. With a market capitalization of $21.39 billion, Samsara boasts impressive gross profit margins of 76% and strong revenue growth of 33%. According to InvestingPro’s comprehensive analysis, which includes 10+ additional key insights available to subscribers, the company maintains a FAIR financial health rating.
In other recent news, Samsara Inc. has reported robust financial results, with a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, as noted by TD Cowen. The company also saw a 33% increase in Annual Recurring Revenue (ARR), according to RBC Capital, which praised Samsara’s success in the enterprise sector. Despite these strong performances, Truist Securities lowered its price target for Samsara to $42 from $50, maintaining a Hold rating due to concerns about potential challenges in the upcoming fiscal year. Meanwhile, RBC Capital adjusted its price target to $54 from $64, citing industry-wide valuation changes but maintaining an Outperform rating.
Piper Sandler upgraded Samsara’s stock from Neutral to Overweight, setting a price target of $50, highlighting the company’s potential for growth and its insulation from market volatility. In addition to financial updates, Samsara has formed a strategic partnership with Hyundai (OTC:HYMTF) Translead to enhance trailer safety, integrating its Connected Operations Platform with Hyundai’s HT LinkVue system for improved fleet monitoring. This partnership aims to provide real-time visibility and data-driven decision-making for fleet operators. These recent developments reflect Samsara’s ongoing efforts to expand its market presence and enhance its product offerings.
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