Samsara Inc. (NYSE:IOT) CEO Sells $3,274,481.94 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 91,954 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $35.61, for a total value of $3,274,481.94. Following the completion of the sale, the chief executive officer now owns 1,780,758 shares of the company’s stock, valued at approximately $63,412,792.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.16, for a total value of $3,183,360.00.
• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00.
• 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 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 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.

Samsara Trading Up 3.3 %

Shares of NYSE:IOT opened at $38.03 on Friday. The stock has a fifty day simple moving average of $34.94 and a two-hundred day simple moving average of $31.80. The stock has a market capitalization of $20.94 billion, a price-to-earnings ratio of -70.92 and a beta of 1.58. Samsara Inc. has a 12-month low of $16.63 and a 12-month high of $40.54.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, equities research analysts predict that Samsara Inc. will post -0.4 EPS for the current year.

Institutional Trading of Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Fred Alger Management LLC bought a new stake in shares of Samsara in the 3rd quarter worth $28,000. Quarry LP bought a new stake in shares of Samsara in the 4th quarter worth $37,000. Montag A & Associates Inc. increased its holdings in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Samsara in the 4th quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 worth $53,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Analysts Set New Price Targets

IOT has been the subject of a number of research analyst reports. Loop Capital initiated coverage on Samsara in a research note on Thursday, April 18th. 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 research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.