Sanjit Biswas Sells 96,000 Shares of Samsara Inc. (NYSE:IOT) Stock

Posted by John Perry on Oct 26th, 2024

Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00. Following the sale, the chief executive officer now directly owns 483,886 shares of the company’s stock, valued at approximately $22,786,191.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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 value 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 stock was sold at an average price of $49.44, for a total transaction of $3,691,536.48.
On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 stock was sold at an average price of $39.92, for a total value of $3,716,831.44.
On Tuesday, August 27th, Sanjit Biswas sold 84,030 shares of Samsara stock. The stock was sold at an average price of $41.94, for a total value of $3,524,218.20.
On Tuesday, August 20th, Sanjit Biswas sold 78,295 shares of Samsara stock. The shares were sold at an average price of $40.50, for a total value of $3,170,947.50.
On Tuesday, August 6th, Sanjit Biswas sold 81,515 shares of Samsara stock. The stock was sold at an average price of $37.04, for a total value of $3,019,315.60.

Samsara Stock Down 1.2 %

Shares of NYSE:IOT opened at $47.69 on Friday. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of -99.35 and a beta of 1.52. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $51.53. The company’s fifty day simple moving average is $45.93 and its 200 day simple moving average is $39.05.

Samsara (NYSE:IOT – Get Free Report) last issued 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 company had revenue of $300.20 million for 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 quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. Research analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wolfe Research reissued an “outperform” rating and set a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. Piper Sandler increased their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America lifted their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI boosted their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.20.

View Our Latest Research Report on IOT

Hedge Funds Weigh In On Samsara

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Samsara by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock valued at $509,379,000 after purchasing an additional 917,389 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of Samsara by 28.3% in the 1st quarter. RFG Advisory LLC now owns 8,824 shares of the company’s stock valued at $333,000 after acquiring an additional 1,946 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Samsara in the first quarter valued at about $301,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Samsara during the first quarter worth about $13,590,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Samsara during the first quarter valued at approximately $143,000. 89.39% of the stock is owned by institutional investors.

Samsara Company Profile

(Get Free Report)

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.