John Bicket Sells 64,137 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 64,137 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $47.48, for a total value of $3,045,224.76. Following the completion of the sale, the insider now owns 41,288 shares of the company’s stock, valued at $1,960,354.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

John Bicket also recently made the following trade(s):

• On Tuesday, October 29th, John Bicket sold 42,942 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total value of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.
• On Tuesday, August 27th, John Bicket sold 83,583 shares of Samsara stock. The shares were sold at an average price of $41.94, for a total transaction of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28.

Samsara Price Performance

NYSE IOT traded up $1.53 on Thursday, hitting $51.79. 2,373,984 shares of the stock were exchanged, compared to its average volume of 3,588,640. The company has a market capitalization of $28.81 billion, a PE ratio of -107.75 and a beta of 1.52. The business’s fifty day moving average is $47.03 and its 200 day moving average is $40.03. Samsara Inc. has a 52 week low of $23.12 and a 52 week high of $51.83.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period in the prior year, the firm earned ($0.11) EPS. Samsara’s quarterly revenue was up 36.9% compared to the same quarter last year. Analysts predict that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IOT. Loop Capital raised their price target on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price target on shares of Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Piper Sandler upped their price target on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Morgan Stanley raised their price objective on shares of Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, Truist Financial upped their target price on shares of Samsara from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Samsara during the 1st quarter valued at $13,590,000. Nordea Investment Management AB acquired a new stake in shares of Samsara during the 1st quarter worth about $306,000. Daiwa Securities Group Inc. bought a new stake in shares of Samsara during the 1st quarter worth about $457,000. Empowered Funds LLC acquired a new position in Samsara in the 1st quarter valued at about $218,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Samsara by 1.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 67,141 shares of the company’s stock valued at $2,537,000 after acquiring an additional 752 shares during the period. 89.39% of the stock is currently owned by institutional investors.

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.