Samsara Inc. (NYSE:IOT) Insider Sells $604,853.60 in Stock

Samsara Inc. (NYSE:IOT – Get Rating) insider John Bicket sold 48,976 shares of Samsara stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $12.35, for a total transaction of $604,853.60. Following the sale, the insider now owns 27,807 shares of the company’s stock, valued at $343,416.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, January 19th, John Bicket sold 18,447 shares of Samsara stock. The shares were sold at an average price of $12.38, for a total value of $228,373.86.
• On Thursday, January 12th, John Bicket sold 23,002 shares of Samsara stock. The shares were sold at an average price of $11.42, for a total value of $262,682.84.
• On Tuesday, January 10th, John Bicket sold 23,877 shares of Samsara stock. The shares were sold at an average price of $11.45, for a total transaction of $273,391.65.

Samsara Stock Performance

Shares of NYSE IOT opened at $12.51 on Friday. Samsara Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $25.42. The firm has a market capitalization of $6.49 billion and a PE ratio of -11.80. The stock’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $12.68.

Samsara (NYSE:IOT – Get Rating) last announced its quarterly earnings results on Thursday, December 1st. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $169.80 million for the quarter, compared to analyst estimates of $155.64 million. Samsara had a negative net margin of 75.47% and a negative return on equity of 21.98%. On average, sell-side analysts forecast that Samsara Inc. will post -0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Samsara in the second quarter valued at $33,000. TFC Financial Management acquired a new stake in shares of Samsara in the third quarter valued at approximately $36,000. IFP Advisors Inc acquired a new stake in shares of Samsara in the third quarter valued at approximately $44,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of Samsara in the third quarter valued at approximately $45,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Samsara in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 43.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IOT shares. Evercore ISI cut their price objective on Samsara to $15.00 in a research report on Friday, December 2nd. Morgan Stanley lowered their target price on Samsara from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, November 22nd. StockNews.com assumed coverage on Samsara in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Royal Bank of Canada reduced their target price on shares of Samsara from $19.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, November 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus target price of $21.38.

About Samsara

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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.