Samsara Inc. (NYSE:IOT) Insider Sells $4,225,284.00 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 75,600 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00. Following the transaction, the insider now directly owns 400,020 shares of the company’s stock, valued at approximately $22,357,117.80. This trade represents a 15.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76.
• On Tuesday, October 29th, John Bicket sold 42,942 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total transaction of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The stock was sold at an average price of $39.92, for a total value of $3,721,023.04.

Samsara Stock Down 3.0 %

Shares of NYSE IOT opened at $53.74 on Friday. The stock has a market capitalization of $29.90 billion, a PE ratio of -111.96 and a beta of 1.52. The firm has a fifty day moving average of $49.83 and a 200-day moving average of $41.84. Samsara Inc. has a 52-week low of $26.13 and a 52-week high of $57.51.

Samsara (NYSE:IOT) last posted its quarterly 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. The firm had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share. Equities research analysts expect that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IOT shares. Evercore ISI lifted their target price on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Craig Hallum started coverage on Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price on the stock. Piper Sandler raised their price target on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price objective on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.67.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IOT. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara in the third quarter worth $34,000. Continuum Advisory LLC increased its holdings in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Resources Management Corp CT ADV raised its position in Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. UMB Bank n.a. boosted its position in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Samsara in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

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.