Samsara Inc. (NYSE:IOT) CEO Sells $2,415,576.10 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 65,605 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $36.82, for a total value of $2,415,576.10. Following the completion of the sale, the chief executive officer now owns 1,112,694 shares of the company’s stock, valued at approximately $40,969,393.08. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, July 23rd, Sanjit Biswas sold 84,150 shares of Samsara stock. The shares were sold at an average price of $38.06, for a total value of $3,202,749.00.
• On Tuesday, July 16th, Sanjit Biswas sold 59,112 shares of Samsara stock. The stock was sold at an average price of $38.05, for a total value of $2,249,211.60.
• On Tuesday, July 9th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.76, for a total transaction of $3,336,960.00.
• On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.23, for a total transaction of $3,286,080.00.
• On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 shares were sold at an average price of $37.81, for a total transaction of $3,629,760.00.
• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total transaction 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 transaction of $1,444,588.00.

Samsara Price Performance

Samsara stock opened at $35.40 on Friday. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of -70.80 and a beta of 1.49. The firm has a 50-day moving average of $34.25 and a two-hundred day moving average of $34.83. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $42.28.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $272.51 million. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. Research analysts expect that Samsara Inc. will post -0.39 earnings per share for the current year.

Institutional Trading of Samsara

A number of hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after purchasing an additional 280 shares in the last quarter. Janney Capital Management LLC increased its holdings in Samsara by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after buying an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after buying an additional 381 shares in the last quarter. Cetera Advisors LLC lifted its holdings in Samsara by 6.8% during the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after buying an additional 497 shares during the period. Finally, Ulland Investment Advisors LLC boosted its position in Samsara by 33.6% during the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after acquiring an additional 500 shares in the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Bank of America began coverage on Samsara in a research note on Thursday, June 20th. They set a “buy” rating and a $37.00 price objective on the stock. Loop Capital reissued a “buy” rating and set a $42.00 target price on shares of Samsara in a research report on Friday, June 28th. Evercore ISI lowered their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Friday, June 7th. Piper Sandler reiterated a “neutral” rating and set a $36.00 price objective on shares of Samsara in a research report on Friday, June 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $47.00 target price on shares of Samsara in a report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Samsara presently has an average rating of “Moderate Buy” and an average 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.