Samsara Inc. (NYSE:IOT – Get Rating) insider Kiren Sekar sold 70,062 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $10.99, for a total transaction of $769,981.38. Following the completion of the sale, the insider now directly owns 264,045 shares of the company’s stock, valued at approximately $2,901,854.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Samsara stock opened at $11.35 on Friday. Samsara Inc. has a 1-year low of $8.72 and a 1-year high of $31.41. The company has a fifty day simple moving average of $11.72.
Samsara (NYSE:IOT – Get Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. On average, equities analysts forecast that Samsara Inc. will post -0.57 EPS for the current year.
A number of hedge funds have recently made changes to their positions in IOT. Catalyst Private Wealth LLC acquired a new stake in Samsara in the fourth quarter valued at $1,029,000. Transcend Wealth Collective LLC acquired a new stake in Samsara in the fourth quarter valued at $1,014,000. Bessemer Group Inc. acquired a new stake in Samsara in the fourth quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new stake in Samsara in the fourth quarter valued at $332,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Samsara during the 4th quarter worth about $422,000. Hedge funds and other institutional investors own 45.47% of the company’s stock.
Samsara Company Profile (Get Rating)
Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.
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