Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 96,000 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $34.76, for a total value of $3,336,960.00. Following the transaction, the chief executive officer now directly owns 1,370,299 shares of the company’s stock, valued at approximately $47,631,593.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $34.23, for a total value of $3,286,080.00.
• On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $29.49, for a total value of $2,831,040.00.
• On Tuesday, June 11th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $29.78, for a total value of $2,858,880.00.
• On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total value of $3,210,240.00.
• On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $37.81, for a total value of $3,629,760.00.
• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The stock was sold at an average price of $40.16, for a total value of $308,187.84.
• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The stock was sold at an average price of $40.90, for a total value of $1,444,588.00.
• On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total value of $3,512,553.84.
• On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The stock was sold at an average price of $38.17, for a total value of $2,720,223.22.
• On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $3,274,481.94.

Samsara Price Performance

IOT stock traded up $0.03 on Wednesday, reaching $35.16. 2,018,306 shares of the company traded hands, compared to its average volume of 3,901,704. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The company has a market cap of $19.37 billion, a P/E ratio of -69.94 and a beta of 1.49. The firm has a fifty day simple moving average of $35.20 and a 200-day simple moving average of $34.33.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. On average, sell-side analysts forecast that Samsara Inc. will post -0.39 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Quarry LP purchased a new position in shares of Samsara in the fourth quarter valued at about $37,000. Montag A & Associates Inc. increased its holdings in shares of Samsara by 1,200.0% in the fourth 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 during the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Samsara in the fourth quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares during the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in Samsara by 33.6% during the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after acquiring an additional 500 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on IOT shares. Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Samsara in a report on Friday, June 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Samsara in a research note on Wednesday, June 26th. Bank of America assumed coverage on Samsara in a research note on Thursday, June 20th. They issued a “buy” rating and a $37.00 price target on the stock. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Loop Capital restated a “buy” rating and set a $42.00 target price on shares of Samsara in a report on Friday, June 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $37.17.

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.