Sanjit Biswas Sells 89,800 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT – Get Rating) CEO Sanjit Biswas sold 89,800 shares of Samsara stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $19.43, for a total value of $1,744,814.00. Following the completion of the transaction, the chief executive officer now directly owns 91,438 shares in the company, valued at $1,776,640.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 7th, Sanjit Biswas sold 89,800 shares of Samsara stock. The stock was sold at an average price of $20.76, for a total value of $1,864,248.00.
• On Tuesday, February 28th, Sanjit Biswas sold 53,856 shares of Samsara stock. The shares were sold at an average price of $16.53, for a total value of $890,239.68.
• On Tuesday, February 14th, Sanjit Biswas sold 40,611 shares of Samsara stock. The shares were sold at an average price of $15.74, for a total value of $639,217.14.
• On Thursday, February 9th, Sanjit Biswas sold 10,502 shares of Samsara stock. The shares were sold at an average price of $15.16, for a total value of $159,210.32.
• On Tuesday, February 7th, Sanjit Biswas sold 47,818 shares of Samsara stock. The stock was sold at an average price of $15.01, for a total value of $717,748.18.
• On Thursday, February 2nd, Sanjit Biswas sold 26,418 shares of Samsara stock. The stock was sold at an average price of $14.89, for a total value of $393,364.02.
• On Tuesday, January 31st, Sanjit Biswas sold 15,035 shares of Samsara stock. The stock was sold at an average price of $13.62, for a total value of $204,776.70.
• On Thursday, January 26th, Sanjit Biswas sold 16,754 shares of Samsara stock. The stock was sold at an average price of $13.25, for a total value of $221,990.50.
• On Tuesday, January 24th, Sanjit Biswas sold 40,633 shares of Samsara stock. The stock was sold at an average price of $13.32, for a total value of $541,231.56.
• On Thursday, January 19th, Sanjit Biswas sold 17,336 shares of Samsara stock. The stock was sold at an average price of $12.38, for a total value of $214,619.68.

Samsara Stock Down 1.4 %

Shares of IOT opened at $19.47 on Friday. The business has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $13.03. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of -40.56 and a beta of 0.92. Samsara Inc. has a 52 week low of $8.42 and a 52 week high of $21.49.

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

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. State of Wyoming purchased a new stake in Samsara in the fourth quarter worth about $27,000. Macquarie Group Ltd. grew its position in shares of Samsara by 37.3% during the fourth 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 purchased a new stake in shares of Samsara during the second quarter worth about $33,000. TFC Financial Management purchased a new stake in shares of Samsara during the third quarter worth about $36,000. Finally, IFP Advisors Inc purchased a new stake in shares of Samsara during the third quarter worth about $44,000. Hedge funds and other institutional investors own 43.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on IOT. Piper Sandler started coverage on Samsara in a report on Wednesday. They issued a “neutral” rating and a $21.00 target price on the stock. Morgan Stanley upped their price target on Samsara from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Royal Bank of Canada upped their price target on Samsara from $15.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, February 27th. BMO Capital Markets upped their price target on Samsara from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, March 3rd. Finally, StockNews.com initiated coverage on Samsara in a research report on Thursday. They set a “sell” rating 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.90.

Samsara Company Profile

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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.