Samsara Inc. (NYSE:IOT) Insider Sells $4,225,284.00 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 75,600 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the completion of the transaction, the insider now owns 400,020 shares in the company, valued at $22,357,117.80. This represents a 15.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76.
• 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 shares were sold at an average price of $47.80, for a total value 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.

Samsara Trading Down 3.0 %

Shares of NYSE IOT opened at $53.74 on Friday. Samsara Inc. has a 12-month low of $26.13 and a 12-month high of $57.51. The company has a market cap of $29.90 billion, a PE ratio of -111.96 and a beta of 1.52. The stock has a 50 day simple moving average of $49.83 and a 200-day simple moving average of $41.84.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. Sell-side analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IOT. Piper Sandler upped their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Craig Hallum began coverage on Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. Morgan Stanley raised their price objective on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, BNP Paribas began coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Samsara currently has an average rating of “Hold” and a consensus price target of $45.67.

Hedge Funds Weigh In On Samsara

Several large investors have recently bought and sold shares of IOT. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after acquiring an additional 6,411,178 shares in the last quarter. FMR LLC lifted its position in Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Samsara during the 2nd quarter valued at $29,464,000. Charles Schwab Investment Management Inc. increased its position in shares of Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after buying an additional 500,400 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

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.