Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 42,994 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 42,994 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70. Following the sale, the chief executive officer now directly owns 440,892 shares in the company, valued at approximately $21,405,306.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $47.09, for a total value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total value of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total transaction of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The shares were sold at an average price of $49.44, for a total transaction of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total value of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total value of $4,500,480.00.
• On Tuesday, September 3rd, Sanjit Biswas sold 93,107 shares of Samsara stock. The stock was sold at an average price of $39.92, for a total value of $3,716,831.44.
• On Tuesday, August 27th, Sanjit Biswas sold 84,030 shares of Samsara stock. The shares were sold at an average price of $41.94, for a total value of $3,524,218.20.
• On Tuesday, August 20th, Sanjit Biswas sold 78,295 shares of Samsara stock. The stock was sold at an average price of $40.50, for a total transaction of $3,170,947.50.

Samsara Stock Performance

IOT opened at $47.79 on Friday. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $51.53. The company’s 50-day moving average is $46.53 and its 200 day moving average is $39.49.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. Samsara’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. As a group, research analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Morgan Stanley boosted their price objective on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Wells Fargo & Company increased their price target on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Loop Capital lifted their price objective on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Hold” and an average target price of $44.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Samsara during the 1st quarter worth approximately $13,590,000. Mission Wealth Management LP bought a new stake in Samsara during the first quarter worth $1,100,000. Baillie Gifford & Co. boosted its position in Samsara by 3.7% in the first quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock worth $877,682,000 after purchasing an additional 827,848 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Samsara by 14.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 317,713 shares of the company’s stock valued at $12,006,000 after purchasing an additional 41,200 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Samsara during the 1st quarter worth $721,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

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.