Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 71,266 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 71,266 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.17, for a total value of $2,720,223.22. Following the completion of the sale, the chief executive officer now owns 154,680 shares in the company, valued at $5,904,135.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 shares were 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 stock was 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 transaction 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 shares were sold at an average price of $36.36, for a total value of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total transaction of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.20, for a total transaction of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The shares were sold at an average price of $33.74, for a total value of $2,710,739.08.

Samsara Stock Performance

Shares of NYSE:IOT traded up $1.32 during midday trading on Thursday, reaching $39.73. 2,752,364 shares of the company’s stock traded hands, compared to its average volume of 3,571,643. The company has a fifty day simple moving average of $35.34 and a two-hundred day simple moving average of $32.27. Samsara Inc. has a 1 year low of $18.24 and a 1 year high of $40.54. The company has a market cap of $21.87 billion, a P/E ratio of -74.51 and a beta of 1.58.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) 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 business had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. As a group, research analysts forecast that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Loop Capital began coverage on shares of Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 price objective on the stock. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average price target of $32.60.

Institutional Trading of Samsara

A number of institutional investors have recently made changes to their positions in IOT. Janney Capital Management LLC grew 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 worth $345,000 after buying an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares in the last quarter. Ulland Investment Advisors LLC raised its holdings in Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after acquiring an additional 500 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Samsara by 1.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock worth $2,216,000 after purchasing an additional 644 shares during the last quarter. Finally, Nvwm LLC grew its position in shares of Samsara by 4.2% in the first quarter. Nvwm LLC now owns 17,239 shares of the company’s stock valued at $651,000 after purchasing an additional 689 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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.