Sanjit Biswas Sells 79,165 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOTGet Free Report) CEO Sanjit Biswas sold 79,165 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30. Following the completion of the transaction, the chief executive officer now owns 38,400 shares of the company’s stock, valued at approximately $1,206,528. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The stock was sold at an average price of $31.93, for a total value of $2,944,456.88.
  • On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00.
  • On Tuesday, January 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.85, for a total value of $3,249,600.00.
  • On Tuesday, January 9th, Sanjit Biswas sold 87,127 shares of Samsara stock. The shares were sold at an average price of $32.63, for a total value of $2,842,954.01.
  • On Tuesday, January 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $31.76, for a total value of $3,048,960.00.
  • On Tuesday, December 26th, Sanjit Biswas sold 90,012 shares of Samsara stock. The shares were sold at an average price of $35.01, for a total value of $3,151,320.12.
  • On Wednesday, December 20th, Sanjit Biswas sold 107,130 shares of Samsara stock. The shares were sold at an average price of $33.52, for a total value of $3,590,997.60.
  • On Friday, December 15th, Sanjit Biswas sold 138,272 shares of Samsara stock. The shares were sold at an average price of $33.94, for a total value of $4,692,951.68.
  • On Tuesday, November 28th, Sanjit Biswas sold 73,474 shares of Samsara stock. The shares were sold at an average price of $26.68, for a total value of $1,960,286.32.
  • On Tuesday, November 21st, Sanjit Biswas sold 78,420 shares of Samsara stock. The shares were sold at an average price of $26.35, for a total value of $2,066,367.00.

Samsara Price Performance

IOT stock opened at $35.48 on Friday. Samsara Inc. has a 1 year low of $14.78 and a 1 year high of $36.91. The firm has a 50-day moving average of $33.03 and a 200 day moving average of $28.26. The company has a market cap of $19.16 billion, a P/E ratio of -84.46 and a beta of 1.55.

Samsara (NYSE:IOTGet Free Report) last released its quarterly earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $237.53 million for the quarter, compared to analyst estimates of $225.36 million. Samsara had a negative return on equity of 18.88% and a negative net margin of 26.77%. On average, equities research analysts expect that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Samsara by 608.4% in the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock worth $18,796,000 after buying an additional 640,321 shares during the period. Qsemble Capital Management LP purchased a new stake in shares of Samsara in the 3rd quarter worth about $1,102,000. EPIQ Capital Group LLC grew its position in shares of Samsara by 120.9% in the 3rd quarter. EPIQ Capital Group LLC now owns 32,837 shares of the company’s stock worth $828,000 after buying an additional 17,969 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Samsara by 6.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,946,872 shares of the company’s stock worth $49,081,000 after buying an additional 126,011 shares during the period. Finally, Spence Asset Management purchased a new stake in shares of Samsara in the 3rd quarter worth about $5,772,000. 52.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on IOT shares. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Wells Fargo & Company raised their price objective on Samsara from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, December 1st. Piper Sandler raised their price objective on Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, December 1st. Morgan Stanley raised their price target on Samsara from $25.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets raised their price target on Samsara from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.56.

Check Out Our Latest Stock Report on Samsara

Samsara Company Profile

(Get Free Report)

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.

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