Sanjit Biswas Sells 75,594 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 75,594 shares of Samsara stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,224,948.66. Following the completion of the transaction, the chief executive officer now owns 120,292 shares in the company, valued at $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $50.37, for a total value of $4,835,520.00.
• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total transaction of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $47.09, for a total value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total value of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total transaction of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.83, for a total transaction of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The stock was sold at an average price of $49.44, for a total transaction of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total value of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total value of $4,500,480.00.

Samsara Trading Down 3.0 %

Shares of NYSE IOT opened at $53.73 on Thursday. The business has a 50 day simple moving average of $49.70 and a 200-day simple moving average of $41.76. Samsara Inc. has a twelve month low of $26.13 and a twelve month high of $57.51. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of -111.94 and a beta of 1.52.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same period in the previous year, the business posted ($0.11) EPS. Samsara’s revenue was up 36.9% on a year-over-year basis. As a group, equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC increased its stake in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the period. Private Trust Co. NA increased its stake in shares of Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the period. Advisors Asset Management Inc. raised its holdings in Samsara by 9.4% during the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after purchasing an additional 280 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Samsara by 3.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after purchasing an additional 304 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Samsara by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent research reports. Truist Financial increased their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. BNP Paribas initiated coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Loop Capital boosted their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and an average price target of $45.67.

About Samsara

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.