John Bicket Sells 57,770 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 57,770 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total transaction of $1,934,139.60. Following the completion of the sale, the insider now directly owns 1,153,612 shares in the company, valued at approximately $38,622,929.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The stock was sold at an average price of $33.73, for a total transaction of $2,720,459.42.
• On Tuesday, February 6th, John Bicket sold 79,236 shares of Samsara stock. The stock was sold at an average price of $31.43, for a total transaction of $2,490,387.48.
• On Tuesday, January 30th, John Bicket sold 92,190 shares of Samsara stock. The stock was sold at an average price of $31.93, for a total transaction of $2,943,626.70.

Samsara Stock Performance

Shares of Samsara stock opened at $31.89 on Friday. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of -60.17 and a beta of 1.56. The company has a fifty day moving average of $34.98 and a 200-day moving average of $30.98.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The company had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. On average, equities research analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.56.

Institutional Investors Weigh In On Samsara

Institutional investors have recently made changes to their positions in the business. State of Wyoming purchased a new stake in shares of Samsara in the 4th quarter valued at $27,000. Fred Alger Management LLC purchased a new stake in shares of Samsara in the 3rd quarter valued at $28,000. Macquarie Group Ltd. boosted its position in Samsara by 37.3% during the 4th quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock valued at $30,000 after buying an additional 649 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Samsara during the 2nd quarter valued at $33,000. Finally, Quarry LP purchased a new stake in Samsara during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 89.39% of the company’s stock.

About Samsara

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.