John Bicket Sells 64,137 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 64,137 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76. Following the transaction, the insider now directly owns 41,288 shares of the company’s stock, valued at approximately $1,960,354.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, October 29th, John Bicket sold 42,942 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total value of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.
• On Tuesday, August 27th, John Bicket sold 83,583 shares of Samsara stock. The shares were sold at an average price of $41.94, for a total transaction of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28.

Samsara Stock Performance

Shares of NYSE:IOT opened at $51.79 on Friday. Samsara Inc. has a 1-year low of $23.12 and a 1-year high of $51.83. The company’s fifty day moving average is $47.03 and its two-hundred day moving average is $40.03. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of -107.90 and a beta of 1.52.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Sell-side analysts expect that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Loop Capital raised their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company raised their price objective on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. TD Cowen upped their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Evercore ISI raised their price target on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Finally, BNP Paribas assumed coverage on Samsara in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus target price of $44.20.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently made changes to their positions in IOT. Resources Management Corp CT ADV increased its stake in Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after buying an additional 490 shares during the period. UMB Bank n.a. boosted its holdings in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Samsara during the second quarter valued at approximately $38,000. Nemes Rush Group LLC bought a new stake in Samsara during the second quarter worth approximately $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Samsara by 250.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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.