Samsara Inc. (NYSE:IOT) Insider Sells $2,729,956.57 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 71,521 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $38.17, for a total transaction of $2,729,956.57. Following the completion of the sale, the insider now owns 154,631 shares of the company’s stock, valued at approximately $5,902,265.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total transaction of $3,265,899.93.
• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total transaction of $1,934,139.60.
• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The shares were sold at an average price of $33.73, for a total transaction of $2,720,459.42.

Samsara Stock Performance

NYSE:IOT opened at $39.84 on Friday. Samsara Inc. has a 52 week low of $18.24 and a 52 week high of $40.69. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of -75.17 and a beta of 1.58. The firm’s 50-day simple moving average is $35.54 and its 200 day simple moving average is $32.44.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The business had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Sell-side analysts anticipate that Samsara Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Loop Capital assumed coverage on shares of Samsara in a research report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently bought and sold shares of IOT. Vanguard Group Inc. increased its position in Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after acquiring an additional 1,841,149 shares during the period. Baillie Gifford & Co. increased its holdings in Samsara by 5.4% in the 3rd quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock worth $569,398,000 after purchasing an additional 1,166,989 shares in the last quarter. FMR LLC boosted its stake in shares of Samsara by 11.8% during the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock valued at $175,445,000 after purchasing an additional 731,963 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Samsara by 1,601.3% during the first quarter. Blair William & Co. IL now owns 744,929 shares of the company’s stock worth $28,151,000 after purchasing an additional 701,144 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after buying an additional 640,321 shares during the period. 89.39% of the stock is owned by institutional investors.

Samsara Company Profile

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.