Insider Selling: 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 business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the sale, the chief executive officer now owns 195,886 shares in the company, valued at approximately $9,866,777.82. This trade represents a 32.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 shares were 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 stock was 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 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 stock was 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 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 shares were sold at an average price of $39.92, for a total value of $3,716,831.44.

Samsara Stock Up 2.7 %

IOT stock opened at $56.35 on Friday. The business’s 50-day moving average price is $49.25 and its 200-day moving average price is $41.43. The stock has a market cap of $31.35 billion, a P/E ratio of -117.40 and a beta of 1.52. Samsara Inc. has a twelve month low of $26.13 and a twelve month high of $56.76.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 24.19% and a negative return on equity of 20.39%. The company’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. On average, equities research analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IOT. Craig Hallum started coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. BNP Paribas started coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Finally, Piper Sandler boosted their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.67.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Samsara by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Samsara during the first quarter valued at approximately $924,000. UniSuper Management Pty Ltd purchased a new position in shares of Samsara in the first quarter worth $94,000. Advisors Asset Management Inc. boosted its position in shares of Samsara by 9.4% during the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after acquiring an additional 280 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in Samsara during the first quarter valued at $620,000. 89.39% of the stock is owned by institutional investors.

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.