Samsara Inc. (NYSE:IOT) Insider Sells $2,605,291.20 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 54,504 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20. Following the sale, the insider now directly owns 997,116 shares of the company’s stock, valued at approximately $47,662,144.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The stock was 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 value of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The shares were sold at an average price of $40.51, for a total value of $3,164,965.28.
• On Tuesday, August 6th, John Bicket sold 81,486 shares of Samsara stock. The stock was sold at an average price of $37.04, for a total value of $3,018,241.44.
• On Tuesday, July 30th, John Bicket sold 65,632 shares of Samsara stock. The shares were sold at an average price of $36.82, for a total value of $2,416,570.24.
• On Tuesday, July 23rd, John Bicket sold 82,925 shares of Samsara stock. The stock was sold at an average price of $38.08, for a total transaction of $3,157,784.00.
• On Wednesday, July 17th, John Bicket sold 36,358 shares of Samsara stock. The shares were sold at an average price of $37.23, for a total transaction of $1,353,608.34.

Samsara Stock Performance

NYSE:IOT opened at $50.49 on Friday. The stock’s 50-day simple moving average is $43.78 and its 200 day simple moving average is $38.17. Samsara Inc. has a 52-week low of $21.48 and a 52-week high of $51.53. The company has a market cap of $28.09 billion, a P/E ratio of -105.19 and a beta of 1.52.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV grew its holdings in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the period. Quarry LP bought a new position in shares of Samsara during the 4th quarter worth approximately $37,000. National Bank of Canada FI acquired a new position in shares of Samsara during the 2nd quarter worth approximately $38,000. Nemes Rush Group LLC bought a new stake in Samsara in the 2nd quarter valued at $45,000. Finally, UMB Bank n.a. lifted its holdings in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

IOT has been the subject of several research analyst reports. Piper Sandler boosted their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BNP Paribas started coverage on Samsara in a report on Tuesday. They issued a “neutral” rating and a $46.00 price target for the company. Bank of America lifted their price objective on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company increased their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Loop Capital lifted their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

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.