Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells $3,183,360.00 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $33.16, for a total value of $3,183,360.00. Following the completion of the sale, the chief executive officer now owns 1,019,921 shares in the company, valued at approximately $33,820,580.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00.
• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total value of $1,933,436.52.
• On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $34.69, for a total transaction of $3,330,240.00.
• On Tuesday, March 26th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $39.26, for a total transaction of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total transaction of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $38.70, for a total transaction of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.20, for a total value of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The stock was sold at an average price of $33.74, for a total value of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.92, for a total value of $3,160,320.00.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total transaction of $2,487,364.30.

Samsara Stock Performance

NYSE IOT opened at $35.99 on Friday. The business’s fifty day moving average is $34.71 and its 200 day moving average is $31.54. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The company has a market capitalization of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. On average, sell-side analysts forecast that Samsara Inc. will post -0.4 EPS for the current year.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in Samsara by 5.4% in the 3rd quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock worth $569,398,000 after buying an additional 1,166,989 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 917,389 shares in the last quarter. FMR LLC boosted its stake in shares of Samsara by 11.8% in the third quarter. FMR LLC now owns 6,959,343 shares of the company’s stock worth $175,445,000 after acquiring an additional 731,963 shares during the period. Invesco Ltd. grew its position in shares of Samsara by 8.8% during the third quarter. Invesco Ltd. now owns 4,534,801 shares of the company’s stock worth $114,322,000 after purchasing an additional 366,218 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Samsara by 23.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,985,589 shares of the company’s stock worth $66,279,000 after purchasing an additional 372,073 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Loop Capital started coverage on shares of Samsara in a research report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price for the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

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.