Sanjit Biswas Sells 35,320 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 35,320 shares of Samsara stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $40.90, for a total value of $1,444,588.00. Following the completion of the transaction, the chief executive officer now directly owns 1,645,392 shares in the company, valued at $67,296,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The stock was sold at an average price of $40.16, for a total transaction of $308,187.84.
• 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 stock was 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 transaction of $3,274,481.94.
• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 value 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 shares were sold at an average price of $34.69, for a total value of $3,330,240.00.
• On Tuesday, March 26th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 stock was sold at an average price of $36.36, for a total value of $3,059,221.32.

Samsara Price Performance

NYSE:IOT opened at $39.37 on Friday. The company 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 1 year low of $18.24 and a 1 year high of $42.28. The stock’s fifty day moving average price is $36.34 and its two-hundred day moving average price is $33.70.

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

Institutional Investors Weigh In On Samsara

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Samsara by 9.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after purchasing an additional 280 shares during the last quarter. Janney Capital Management LLC raised its holdings in shares of Samsara by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after acquiring an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares during the period. Cetera Advisors LLC lifted its stake in Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after acquiring an additional 497 shares during the period. Finally, Ulland Investment Advisors LLC increased its position in Samsara by 33.6% during the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares during the period. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

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

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.