Samsara Inc. (NYSE:IOT) CEO Sells $4,835,520.00 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $50.37, for a total value of $4,835,520.00. Following the completion of the sale, the chief executive officer now directly owns 195,886 shares in the company, valued at $9,866,777.82. This trade represents a 32.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $47.09, for a total value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total transaction of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.83, for a total value of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The shares were sold at an average price of $49.44, for a total value of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total transaction of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.88, for a total transaction of $4,500,480.00.
• On Tuesday, September 3rd, Sanjit Biswas sold 93,107 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total value of $3,716,831.44.

Samsara Stock Up 3.8 %

Shares of NYSE IOT traded up $2.02 during midday trading on Thursday, reaching $54.66. The company’s stock had a trading volume of 2,353,362 shares, compared to its average volume of 3,540,925. Samsara Inc. has a one year low of $26.13 and a one year high of $55.39. The company has a 50 day moving average price of $48.91 and a 200 day moving average price of $41.20.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IOT. Loop Capital upped their target price on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Bank of America increased their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price objective on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Truist Financial raised their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.67.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Resources Management Corp CT ADV boosted its position in Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the third quarter worth approximately $34,000. National Bank of Canada FI purchased a new position in Samsara during the second quarter valued at approximately $38,000. Nemes Rush Group LLC acquired a new position in Samsara in the 2nd quarter valued at approximately $45,000. Finally, Continuum Advisory LLC lifted its position in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 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.