Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 90,295 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 90,295 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $30.48, for a total transaction of $2,752,191.60. Following the sale, the insider now directly owns 1,083,540 shares of the company’s stock, valued at $33,026,299.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 29th, John Bicket sold 77,952 shares of Samsara stock. The stock was sold at an average price of $25.80, for a total value of $2,011,161.60.
• On Tuesday, August 22nd, John Bicket sold 47,895 shares of Samsara stock. The shares were sold at an average price of $23.70, for a total value of $1,135,111.50.
• On Thursday, August 17th, John Bicket sold 5,754 shares of Samsara stock. The stock was sold at an average price of $22.94, for a total value of $131,996.76.
• On Tuesday, August 15th, John Bicket sold 47,757 shares of Samsara stock. The stock was sold at an average price of $23.81, for a total transaction of $1,137,094.17.
• On Wednesday, August 9th, John Bicket sold 210 shares of Samsara stock. The stock was sold at an average price of $24.59, for a total value of $5,163.90.
• On Tuesday, August 1st, John Bicket sold 53,022 shares of Samsara stock. The shares were sold at an average price of $27.67, for a total transaction of $1,467,118.74.
• On Tuesday, July 25th, John Bicket sold 43,632 shares of Samsara stock. The shares were sold at an average price of $26.67, for a total transaction of $1,163,665.44.
• On Tuesday, July 18th, John Bicket sold 90,295 shares of Samsara stock. The stock was sold at an average price of $28.72, for a total transaction of $2,593,272.40.
• On Tuesday, July 11th, John Bicket sold 90,295 shares of Samsara stock. The stock was sold at an average price of $27.70, for a total value of $2,501,171.50.
• On Tuesday, June 27th, John Bicket sold 90,295 shares of Samsara stock. The stock was sold at an average price of $25.57, for a total value of $2,308,843.15.

Samsara Price Performance

NYSE IOT opened at $29.03 on Friday. Samsara Inc. has a 1-year low of $8.42 and a 1-year high of $32.41. The firm has a market capitalization of $15.34 billion, a P/E ratio of -64.50 and a beta of 1.39. The business’s 50-day simple moving average is $26.89 and its 200-day simple moving average is $23.37.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Ulland Investment Advisors LLC purchased a new position in Samsara in the second quarter valued at about $25,000. Quarry LP bought a new stake in shares of Samsara during the 2nd quarter valued at about $44,000. IFP Advisors Inc grew its holdings in shares of Samsara by 3,665.1% during the second quarter. IFP Advisors Inc now owns 1,619 shares of the company’s stock valued at $40,000 after purchasing an additional 1,576 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Samsara during the first quarter valued at $32,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Samsara during the 2nd quarter valued at about $47,000. 52.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the topic of several recent research reports. Royal Bank of Canada boosted their price target on shares of Samsara from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Morgan Stanley raised their price objective on Samsara from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, September 1st. Piper Sandler upped their price objective on shares of Samsara from $21.00 to $23.00 in a report on Friday, June 2nd. Wells Fargo & Company lifted their target price on shares of Samsara from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Finally, StockNews.com began coverage on Samsara in a research note on Thursday, August 17th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and an average target price of $26.80.

Samsara Company Profile

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.