Samsara Inc. (NYSE:IOT) Insider Sells $315,378.25 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 7,855 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $40.15, for a total transaction of $315,378.25. Following the completion of the transaction, the insider now owns 2,036,462 shares in the company, valued at $81,763,949.30. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, May 21st, John Bicket sold 35,327 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total value of $1,444,874.30.
• On Tuesday, May 14th, John Bicket sold 87,784 shares of Samsara stock. The stock was 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 shares were sold at an average price of $38.17, for a total value of $2,729,956.57.
• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value 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 value 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 transaction of $2,720,459.42.

Samsara Stock Down 0.3 %

Shares of IOT opened at $39.37 on Friday. The company has a 50 day moving average of $36.34 and a two-hundred day moving average of $33.70. Samsara Inc. has a twelve month low of $18.24 and a twelve month high of $42.28. The company has a market cap of $21.67 billion, a price-to-earnings ratio of -74.28 and a beta of 1.58.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. On average, sell-side analysts expect that Samsara Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on IOT. Loop Capital initiated coverage on shares of Samsara in a research report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price target for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.60.

Institutional Investors Weigh In On Samsara

A number of large investors have recently modified their holdings of the business. Fred Alger Management LLC purchased a new position in shares of Samsara in the 3rd quarter valued at approximately $28,000. Quarry LP purchased a new stake in Samsara during the 4th quarter worth approximately $37,000. Montag A & Associates Inc. increased its stake in Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after purchasing an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC purchased a new position in shares of Samsara in the fourth quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after buying an additional 381 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

About Samsara

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.