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 stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.88, for a total value of $4,500,480.00. Following the completion of the transaction, the chief executive officer now directly owns 698,299 shares in the company, valued at approximately $32,736,257.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $40.50, for a total transaction of $3,170,947.50.
• On Tuesday, August 6th, Sanjit Biswas sold 81,515 shares of Samsara stock. The shares were sold at an average price of $37.04, for a total transaction of $3,019,315.60.
• On Tuesday, July 30th, Sanjit Biswas sold 65,605 shares of Samsara stock. The shares were sold at an average price of $36.82, for a total value of $2,415,576.10.
• On Tuesday, July 23rd, Sanjit Biswas sold 84,150 shares of Samsara stock. The stock was sold at an average price of $38.06, for a total value of $3,202,749.00.
• On Tuesday, July 16th, Sanjit Biswas sold 59,112 shares of Samsara stock. The shares were sold at an average price of $38.05, for a total transaction of $2,249,211.60.
• On Tuesday, July 9th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.76, for a total transaction of $3,336,960.00.
• On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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.

Samsara Trading Up 0.5 %

NYSE:IOT opened at $46.27 on Friday. The firm has a fifty day simple moving average of $39.00 and a 200-day simple moving average of $36.41. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $47.68. The company has a market capitalization of $25.49 billion, a P/E ratio of -92.54 and a beta of 1.50.

Samsara (NYSE:IOT) last posted its 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. Samsara had a negative return on equity of 20.58% and a negative net margin of 24.19%. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period last year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 36.9% on a year-over-year basis. Equities analysts forecast that Samsara Inc. will post -0.39 EPS for the current year.

Institutional Investors Weigh In On Samsara

A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Samsara by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock valued at $32,360,000 after acquiring an additional 79,773 shares during the period. Nvwm LLC purchased a new stake in Samsara in the fourth quarter valued at $552,000. Vanguard Personalized Indexing Management LLC grew its stake in Samsara by 9.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,104 shares of the company’s stock worth $504,000 after buying an additional 1,340 shares during the last quarter. Janney Capital Management LLC increased its holdings in shares of Samsara by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after acquiring an additional 311 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Samsara during the fourth quarter worth about $227,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IOT shares. Royal Bank of Canada upped their target price on Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Piper Sandler increased their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. TD Cowen raised their price target on Samsara from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. BMO Capital Markets lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Finally, Bank of America lifted their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Samsara presently has an average rating of “Moderate Buy” and a consensus price target of $42.07.

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.