Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 91,954 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 91,954 shares of Samsara stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $35.61, for a total transaction of $3,274,481.94. Following the completion of the sale, the chief executive officer now owns 1,780,758 shares in the company, valued at $63,412,792.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 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 transaction 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 transaction of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 stock was sold at an average price of $33.74, for a total transaction of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.92, for a total transaction of $3,160,320.00.

Samsara Stock Up 4.5 %

Shares of Samsara stock traded up $1.57 during trading on Thursday, reaching $36.82. The company’s stock had a trading volume of 3,477,664 shares, compared to its average volume of 3,642,427. The business’s 50-day moving average price is $34.85 and its 200-day moving average price is $31.77. The firm has a market cap of $20.27 billion, a PE ratio of -69.47 and a beta of 1.58. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54.

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 analysts’ consensus estimates of ($0.08). The company had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. Equities analysts predict that Samsara Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Loop Capital assumed coverage on shares of Samsara in a research report on Thursday, April 18th. They set a “buy” rating and a $42.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Baillie Gifford & Co. raised its stake in Samsara by 5.4% in the third 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. Vanguard Group Inc. raised its stake in Samsara by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after acquiring an additional 917,389 shares in the last quarter. FMR LLC raised its stake in Samsara by 11.8% during the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock worth $175,445,000 after acquiring an additional 731,963 shares in the last quarter. Principal Financial Group Inc. raised its stake in Samsara by 608.4% during the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock worth $18,796,000 after acquiring an additional 640,321 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Samsara by 82.0% during the third quarter. Qube Research & Technologies Ltd now owns 832,350 shares of the company’s stock worth $20,984,000 after acquiring an additional 375,017 shares in the last quarter. Institutional investors and hedge funds 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.