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

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $34.23, for a total transaction of $3,286,080.00. Following the completion of the transaction, the chief executive officer now owns 115,200 shares in the company, valued at approximately $3,943,296. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were 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 shares were sold at an average price of $33.44, for a total value 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 value 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 value of $308,187.84.
• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The stock was sold at an average price of $40.90, for a total value 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.
• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.16, for a total value of $3,183,360.00.

Samsara Stock Performance

NYSE IOT opened at $35.66 on Thursday. The company has a 50-day moving average price of $35.15 and a two-hundred day moving average price of $34.27. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $42.28.

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

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gotham Asset Management LLC increased its stake in shares of Samsara by 11.4% during the third quarter. Gotham Asset Management LLC now owns 105,844 shares of the company’s stock valued at $2,668,000 after acquiring an additional 10,808 shares during the period. Lazard Asset Management LLC raised its stake in shares of Samsara by 10.4% in the 3rd quarter. Lazard Asset Management LLC now owns 30,350 shares of the company’s stock worth $765,000 after buying an additional 2,868 shares in the last quarter. Spouting Rock Asset Management LLC lifted its holdings in shares of Samsara by 13.0% in the third quarter. Spouting Rock Asset Management LLC now owns 18,609 shares of the company’s stock valued at $469,000 after buying an additional 2,144 shares during the period. Belpointe Asset Management LLC bought a new position in Samsara during the third quarter valued at about $202,000. Finally, Creative Planning acquired a new position in Samsara during the third quarter worth about $5,878,000. Institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Saturday, May 25th. Bank of America started coverage on shares of Samsara in a report on Thursday, June 20th. They issued a “buy” rating and a $37.00 price target on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price objective on shares of Samsara in a research note on Tuesday, June 11th. Wolfe Research restated an “outperform” rating and issued a $44.00 target price on shares of Samsara in a research note on Friday, June 28th. Finally, Loop Capital restated a “buy” rating and set a $42.00 price objective on shares of Samsara in a research note on Friday, June 28th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Samsara has a consensus rating of “Moderate Buy” and a consensus target price of $37.17.

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.