Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 90,295 Shares of Stock

Samsara Inc. (NYSE:IOT – Get Rating) insider John Bicket sold 90,295 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $19.43, for a total transaction of $1,754,431.85. Following the completion of the sale, the insider now directly owns 27,807 shares of the company’s stock, valued at $540,290.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 28th, John Bicket sold 54,790 shares of Samsara stock. The stock was sold at an average price of $16.53, for a total transaction of $905,678.70.
• On Thursday, February 9th, John Bicket sold 10,943 shares of Samsara stock. The stock was sold at an average price of $15.15, for a total transaction of $165,786.45.
• On Tuesday, February 7th, John Bicket sold 47,868 shares of Samsara stock. The stock was sold at an average price of $15.01, for a total transaction of $718,498.68.
• On Thursday, January 19th, John Bicket sold 18,447 shares of Samsara stock. The stock was sold at an average price of $12.38, for a total transaction of $228,373.86.
• On Tuesday, January 17th, John Bicket sold 48,976 shares of Samsara stock. The stock was sold at an average price of $12.35, for a total transaction of $604,853.60.
• On Thursday, January 12th, John Bicket sold 23,002 shares of Samsara stock. The stock was sold at an average price of $11.42, for a total transaction of $262,682.84.
• On Tuesday, January 10th, John Bicket sold 23,877 shares of Samsara stock. The stock was sold at an average price of $11.45, for a total transaction of $273,391.65.

Samsara Price Performance

NYSE:IOT opened at $19.47 on Friday. The stock has a market cap of $10.10 billion, a P/E ratio of -40.56 and a beta of 0.92. Samsara Inc. has a one year low of $8.42 and a one year high of $21.49. The company has a fifty day moving average price of $15.41 and a 200 day moving average price of $13.03.

Samsara (NYSE:IOT – Get Rating) last announced its quarterly earnings data on Thursday, March 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. Samsara had a negative net margin of 37.92% and a negative return on equity of 21.12%. The company had revenue of $186.58 million during the quarter, compared to analysts’ expectations of $172.77 million. As a group, equities research analysts anticipate that Samsara Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IOT. The Goldman Sachs Group raised shares of Samsara from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $27.00 in a report on Friday, March 3rd. Morgan Stanley upped their price objective on shares of Samsara from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. StockNews.com began coverage on shares of Samsara in a report on Thursday. They set a “sell” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Samsara from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd. Finally, Piper Sandler assumed coverage on shares of Samsara in a report on Wednesday. They set a “neutral” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.90.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently made changes to their positions in IOT. State of Wyoming acquired a new position in shares of Samsara in the 4th quarter valued at $27,000. Macquarie Group Ltd. increased its position in shares of Samsara by 37.3% during the 4th quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock worth $30,000 after purchasing an additional 649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Samsara during the 2nd quarter worth about $33,000. TFC Financial Management acquired a new stake in shares of Samsara during the 3rd quarter worth about $36,000. Finally, IFP Advisors Inc acquired a new stake in shares of Samsara during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 43.05% of the company’s stock.

About Samsara

(Get Rating)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.