Samsara Inc. (NYSE:IOT) CEO Sells $3,183,360.00 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00. Following the sale, the chief executive officer now directly owns 1,019,921 shares of the company’s stock, valued at approximately $33,820,580.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value 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 stock was 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 stock was sold at an average price of $38.70, for a total value of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 shares were sold at an average price of $32.92, for a total value of $3,160,320.00.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30.

Samsara Stock Down 0.8 %

IOT stock traded down $0.26 during midday trading on Thursday, hitting $34.39. The company’s stock had a trading volume of 3,215,357 shares, compared to its average volume of 3,675,056. The stock’s 50-day moving average price is $34.70 and its 200 day moving average price is $31.40. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting 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 analyst estimates of $258.56 million. Analysts expect that Samsara Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently made changes to their positions in IOT. SG Americas Securities LLC raised its holdings in shares of Samsara by 204.4% in the 3rd quarter. SG Americas Securities LLC now owns 23,005 shares of the company’s stock valued at $580,000 after acquiring an additional 15,447 shares in the last quarter. Ulland Investment Advisors LLC raised its position in shares of Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after buying an additional 600 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Samsara by 23.8% during the 3rd quarter. SVB Wealth LLC now owns 32,221 shares of the company’s stock worth $812,000 after acquiring an additional 6,197 shares during the last quarter. Bank of New York Mellon Corp grew its position in Samsara by 22.6% in the third quarter. Bank of New York Mellon Corp now owns 175,682 shares of the company’s stock worth $4,429,000 after acquiring an additional 32,369 shares in the last quarter. Finally, Strs Ohio bought a new position in Samsara in the third quarter valued at $2,786,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

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

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.