Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 7,674 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 7,674 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $40.16, for a total transaction of $308,187.84. Following the completion of the sale, the chief executive officer now directly owns 1,584,712 shares of the company’s stock, valued at $63,642,033.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total value of $1,444,588.00.
• On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total value of $3,512,553.84.
• On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total value of $2,720,223.22.
• On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $3,274,481.94.
• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00.
• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $30.73, for a total transaction of $2,950,080.00.
• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total transaction of $1,933,436.52.
• On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $34.69, for a total transaction of $3,330,240.00.
• On Tuesday, March 26th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $39.26, for a total value of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total value of $3,059,221.32.

Samsara Stock Down 0.3 %

Shares of IOT stock opened at $39.37 on Friday. The stock has a market cap of $21.67 billion, a P/E ratio of -74.28 and a beta of 1.58. Samsara Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $42.28. The business has a fifty day simple moving average of $36.34 and a 200-day simple moving average of $33.70.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. On average, sell-side analysts anticipate that Samsara Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IOT shares. Loop Capital initiated coverage on Samsara in a research report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price objective for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Saturday. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. 1832 Asset Management L.P. increased its position in Samsara by 102.1% during the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock worth $288,266,000 after buying an additional 3,853,400 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Samsara by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after purchasing an additional 2,797,326 shares in the last quarter. Vanguard Group Inc. raised its stake in Samsara by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares during the last quarter. Baillie Gifford & Co. lifted 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 valued at $569,398,000 after purchasing an additional 1,166,989 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Samsara by 11.8% during the 3rd quarter. FMR LLC now owns 6,959,343 shares of the company’s stock worth $175,445,000 after purchasing an additional 731,963 shares during the last quarter. 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.