Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 75,600 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 75,600 shares of Samsara stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,225,284.00. Following the completion of the sale, the insider now directly owns 400,020 shares in the company, valued at approximately $22,357,117.80. This represents a 15.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total transaction of $3,045,224.76.
• 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 transaction 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 value 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 value of $3,721,023.04.

Samsara Price Performance

Shares of NYSE IOT opened at $55.38 on Wednesday. The business has a fifty day moving average price of $49.58 and a two-hundred day moving average price of $41.67. The stock has a market capitalization of $30.81 billion, a PE ratio of -115.36 and a beta of 1.52. Samsara Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $57.51.

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

Institutional Trading of Samsara

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after acquiring an additional 6,411,178 shares during the last quarter. FMR LLC boosted its holdings in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after purchasing an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of Samsara by 4.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after buying an additional 138,702 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Samsara by 9.5% in the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after buying an additional 196,867 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IOT. Loop Capital increased their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Royal Bank of Canada increased their price target on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Finally, Piper Sandler boosted their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Hold” and a consensus price target of $45.67.

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.