Sanjit Biswas Sells 57,749 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 57,749 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,933,436.52. Following the sale, the chief executive officer now directly owns 1,250,172 shares of the company’s stock, valued at $41,855,758.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $31.93, for a total value of $2,944,456.88.
• On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00.

Samsara Stock Performance

Shares of IOT opened at $31.89 on Friday. The stock’s 50-day simple moving average is $34.98 and its 200 day simple moving average is $30.98. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of -60.17 and a beta of 1.56. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The business had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. On average, 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 Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.56.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently added to or reduced their stakes in IOT. Bank of New York Mellon Corp bought a new position in Samsara in the 1st quarter worth about $558,000. PNC Financial Services Group Inc. increased its stake in Samsara by 141.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,170 shares of the company’s stock worth $322,000 after acquiring an additional 11,820 shares during the last quarter. BlackRock Inc. increased its stake in Samsara by 17.3% in the 1st quarter. BlackRock Inc. now owns 3,227,576 shares of the company’s stock worth $51,704,000 after acquiring an additional 477,013 shares during the last quarter. Vanguard Group Inc. increased its stake in Samsara by 52.8% in the 1st quarter. Vanguard Group Inc. now owns 3,033,132 shares of the company’s stock worth $48,591,000 after acquiring an additional 1,048,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Samsara during the 1st quarter valued at about $3,109,000. 89.39% of the stock is currently owned by institutional investors.

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.