John Bicket Sells 107,152 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 107,152 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total transaction of $5,478,681.76. Following the transaction, the insider now owns 138,000 shares of the company’s stock, valued at approximately $7,055,940. This represents a 43.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, December 3rd, John Bicket sold 83,091 shares of Samsara stock. The shares were sold at an average price of $53.81, for a total transaction of $4,471,126.71.
• On Wednesday, November 27th, John Bicket sold 96,000 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total transaction of $5,352,000.00.
• On Monday, November 25th, John Bicket sold 75,600 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00.
• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,045,224.76.

Samsara Stock Down 1.4 %

Shares of NYSE:IOT traded down $0.74 during midday trading on Wednesday, reaching $51.08. The company’s stock had a trading volume of 2,897,863 shares, compared to its average volume of 2,623,798. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The firm has a 50 day moving average of $47.98 and a 200-day moving average of $45.62. The firm has a market capitalization of $28.67 billion, a P/E ratio of -108.69 and a beta of 1.59.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. grew its holdings in Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. FMR LLC lifted its position in shares of Samsara by 15.6% during the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after acquiring an additional 138,702 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Samsara by 9.5% in the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after acquiring an additional 196,867 shares in the last quarter. Finally, State Street Corp grew its stake in Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IOT shares. Truist Financial upped their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Craig Hallum assumed coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.29.

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.