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 firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $47.09, for a total value of $4,520,640.00. Following the completion of the sale, the chief executive officer now owns 483,886 shares in the company, valued at approximately $22,786,191.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $46.83, for a total value 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 value of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 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 stock was sold at an average price of $40.50, for a total value of $3,170,947.50.
• On Tuesday, August 6th, Sanjit Biswas sold 81,515 shares of Samsara stock. The stock was sold at an average price of $37.04, for a total value of $3,019,315.60.

Samsara Trading Down 1.2 %

IOT opened at $47.69 on Friday. The stock has a market cap of $26.27 billion, a price-to-earnings ratio of -95.38 and a beta of 1.52. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $51.53. The stock has a fifty day moving average price of $45.93 and a 200 day moving average price of $39.09.

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

Institutional Trading of Samsara

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mission Wealth Management LP acquired a new stake in shares of Samsara in the first quarter worth about $1,100,000. Bank of Montreal Can acquired a new stake in shares of Samsara in the second quarter worth about $537,000. Magnetar Financial LLC acquired a new stake in shares of Samsara in the second quarter worth about $1,240,000. Swiss National Bank acquired a new stake in shares of Samsara in the first quarter worth about $19,477,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Samsara in the first quarter worth about $647,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Truist Financial lifted their target price on Samsara from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 6th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Craig Hallum assumed coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Finally, Piper Sandler lifted their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Samsara has a consensus rating of “Hold” and an average price target of $44.20.

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.