Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 35,327 Shares

Samsara Inc. (NYSE:IOTGet Free Report) insider John Bicket sold 35,327 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.90, for a total transaction of $1,444,874.30. Following the completion of the sale, the insider now owns 2,097,135 shares of the company’s stock, valued at approximately $85,772,821.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

John Bicket also recently made the following trade(s):

  • On Thursday, May 23rd, John Bicket sold 7,855 shares of Samsara stock. The stock was sold at an average price of $40.15, for a total value of $315,378.25.
  • On Tuesday, May 14th, John Bicket sold 87,784 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total value of $3,501,703.76.
  • On Tuesday, May 7th, John Bicket sold 71,521 shares of Samsara stock. The stock was sold at an average price of $38.17, for a total transaction of $2,729,956.57.
  • On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total transaction of $3,265,899.93.
  • On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total transaction of $1,934,139.60.
  • On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The stock was sold at an average price of $33.73, for a total value of $2,720,459.42.

Samsara Trading Down 0.3 %

NYSE IOT opened at $39.37 on Friday. Samsara Inc. has a 12 month low of $18.24 and a 12 month high of $42.28. The stock has a 50 day moving average of $36.34 and a 200-day moving average of $33.70. The company has a market cap of $21.67 billion, a PE ratio of -74.28 and a beta of 1.58.

Samsara (NYSE:IOTGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The firm had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. As a group, sell-side analysts predict that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IOT. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Saturday. Loop Capital assumed coverage on shares of Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Samsara presently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

View Our Latest Analysis on IOT

Institutional Investors Weigh In On Samsara

Several hedge funds have recently bought and sold shares of IOT. 1832 Asset Management L.P. raised its stake in Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after buying an additional 3,853,400 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Samsara by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock valued at $666,584,000 after purchasing an additional 2,797,326 shares during the last quarter. Vanguard Group Inc. boosted its position in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after purchasing an additional 1,841,149 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Samsara by 5.4% in the third quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock valued at $569,398,000 after purchasing an additional 1,166,989 shares during the last quarter. Finally, FMR LLC raised its position in shares of Samsara by 11.8% in the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock valued at $175,445,000 after purchasing an additional 731,963 shares during the period. 89.39% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

(Get Free Report)

Samsara Inc provides solutions that connects 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.

Read More

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.