John Bicket Sells 75,600 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 75,600 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,225,284.00. Following the completion of the transaction, the insider now owns 400,020 shares in the company, valued at $22,357,117.80. This trade represents a 15.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The shares were 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 shares were sold at an average price of $47.80, for a total value of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.

Samsara Stock Performance

NYSE:IOT opened at $53.73 on Thursday. Samsara Inc. has a one year low of $26.13 and a one year high of $57.51. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of -111.94 and a beta of 1.52. The stock has a 50-day simple moving average of $49.70 and a 200 day simple moving average of $41.76.

Samsara (NYSE:IOT) last issued its earnings results 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 firm 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 firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. On average, equities research analysts forecast that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UniSuper Management Pty Ltd bought a new position in Samsara during the 1st quarter valued at $94,000. Advisors Asset Management Inc. lifted its position in Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of Samsara during the first quarter worth $620,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Samsara during the 1st quarter valued at about $749,000. Finally, California State Teachers Retirement System acquired a new stake in Samsara in the first quarter valued at approximately $8,009,000. 89.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen raised their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Evercore ISI increased their price target on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. 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 research report on Friday, September 6th. Loop Capital boosted their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Truist Financial raised their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.67.

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.