John Bicket Sells 83,091 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 83,091 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total value of $4,471,126.71. Following the transaction, the insider now directly owns 19,200 shares of the company’s stock, valued at approximately $1,033,152. This represents a 81.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 27th, John Bicket sold 96,000 shares of Samsara stock. The stock was sold at an average price of $55.75, for a total transaction of $5,352,000.00.
• On Monday, November 25th, John Bicket sold 75,600 shares of Samsara stock. The shares were sold at an average price of $55.89, for a total transaction of $4,225,284.00.
• 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 shares were 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 value of $2,605,291.20.

Samsara Price Performance

Samsara stock opened at $55.13 on Friday. The business has a 50 day simple moving average of $50.35 and a 200-day simple moving average of $42.33. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The stock has a market capitalization of $30.67 billion, a PE ratio of -114.85 and a beta of 1.53.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter last year, the business earned ($0.11) EPS. The business’s revenue was up 36.9% on a year-over-year basis. As a group, equities research analysts anticipate that Samsara Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IOT shares. BMO Capital Markets upped their price target on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Bank of America increased their target price on shares of Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Craig Hallum initiated coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. TD Cowen raised their price objective on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Morgan Stanley boosted their target price on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.71.

Institutional Investors Weigh In On Samsara

A number of hedge funds have recently added to or reduced their stakes in IOT. Cetera Advisors LLC raised its stake in shares of Samsara by 6.8% during the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after buying an additional 497 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Samsara during the 1st quarter worth $362,000. RFG Advisory LLC grew its stake in shares of Samsara by 41.5% during the 2nd quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock worth $421,000 after purchasing an additional 3,662 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Samsara by 165.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,848 shares of the company’s stock valued at $534,000 after purchasing an additional 9,875 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Samsara in the second quarter valued at about $506,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

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.