Sanjit Biswas Sells 96,000 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $34.76, for a total transaction of $3,336,960.00. Following the transaction, the chief executive officer now owns 1,370,299 shares in the company, valued at $47,631,593.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sanjit Biswas also recently made the following trade(s):

• On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $34.23, for a total transaction of $3,286,080.00.
• On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $29.49, for a total transaction of $2,831,040.00.
• On Tuesday, June 11th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $29.78, for a total transaction of $2,858,880.00.
• On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total transaction of $3,210,240.00.
• On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $37.81, for a total transaction of $3,629,760.00.
• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total transaction of $308,187.84.
• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total transaction of $1,444,588.00.
• On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total transaction of $3,512,553.84.
• On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total transaction of $2,720,223.22.
• On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total transaction of $3,274,481.94.

Samsara Price Performance

IOT stock traded up $0.03 on Wednesday, hitting $35.16. 2,018,306 shares of the company were exchanged, compared to its average volume of 3,901,704. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $42.28. The business’s fifty day moving average is $35.20 and its two-hundred day moving average is $34.33. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of -69.94 and a beta of 1.49.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The firm had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. Equities research analysts expect that Samsara Inc. will post -0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. Evercore ISI reduced their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, June 7th. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price objective on shares of Samsara in a research note on Wednesday, June 26th. Bank of America assumed coverage on shares of Samsara in a research note on Thursday, June 20th. They set a “buy” rating and a $37.00 price objective on the stock. Wolfe Research reissued an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research note on Friday, June 28th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $40.00 price objective on shares of Samsara in a research note on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.17.

Institutional Investors Weigh In On Samsara

Several large investors have recently made changes to their positions in IOT. 1832 Asset Management L.P. grew its holdings in Samsara by 102.1% during the 1st quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after purchasing an additional 3,853,400 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 in the last quarter. Vanguard Group Inc. grew its holdings in Samsara by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Samsara by 3.7% during the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock valued at $877,682,000 after purchasing an additional 827,848 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Samsara by 1,601.3% during the 1st quarter. Blair William & Co. IL now owns 744,929 shares of the company’s stock valued at $28,151,000 after purchasing an additional 701,144 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Company Profile

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.