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

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00. Following the sale, the chief executive officer now owns 1,115,921 shares of the company’s stock, valued at $34,292,252.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The stock was 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 value 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 value of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The stock was sold at an average price of $36.36, for a total value 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 value 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 shares were 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 shares were 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 shares were sold at an average price of $31.42, for a total value of $2,487,364.30.
• On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The shares were sold at an average price of $31.93, for a total value of $2,944,456.88.

Samsara Stock Up 0.2 %

IOT stock opened at $31.02 on Friday. The business’s 50-day moving average is $34.84 and its two-hundred day moving average is $31.15. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) 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 business had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. On average, equities research analysts predict that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Capital Management LLC grew its stake in Samsara by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after buying an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after purchasing an additional 381 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Samsara by 13.6% in the 3rd quarter. Rhumbline Advisers now owns 4,594 shares of the company’s stock valued at $116,000 after purchasing an additional 550 shares during the last quarter. Ulland Investment Advisors LLC grew its stake in shares of Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Samsara by 1.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock valued at $2,216,000 after purchasing an additional 644 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the subject of several analyst reports. Loop Capital initiated coverage on Samsara in a report on Thursday. 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 report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.60.

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.