Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 95,673 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $27.47, for a total transaction of $2,628,137.31. Following the completion of the transaction, the insider owned 67,600 shares in the company, valued at $1,856,972. The trade was a 58.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Bicket also recently made the following trade(s):
- On Tuesday, May 12th, John Bicket sold 168,227 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total transaction of $4,807,927.66.
- On Thursday, April 30th, John Bicket sold 72,816 shares of Samsara stock. The stock was sold at an average price of $28.49, for a total value of $2,074,527.84.
- On Wednesday, April 29th, John Bicket sold 87,227 shares of Samsara stock. The shares were sold at an average price of $29.05, for a total value of $2,533,944.35.
- On Tuesday, April 28th, John Bicket sold 103,857 shares of Samsara stock. The shares were sold at an average price of $29.50, for a total value of $3,063,781.50.
- On Wednesday, April 15th, John Bicket sold 96,690 shares of Samsara stock. The shares were sold at an average price of $27.98, for a total transaction of $2,705,386.20.
- On Tuesday, April 14th, John Bicket sold 167,210 shares of Samsara stock. The shares were sold at an average price of $26.60, for a total transaction of $4,447,786.00.
- On Thursday, April 2nd, John Bicket sold 10,009 shares of Samsara stock. The stock was sold at an average price of $30.96, for a total transaction of $309,878.64.
- On Wednesday, April 1st, John Bicket sold 116,486 shares of Samsara stock. The shares were sold at an average price of $31.80, for a total transaction of $3,704,254.80.
- On Tuesday, March 31st, John Bicket sold 137,405 shares of Samsara stock. The shares were sold at an average price of $31.44, for a total transaction of $4,320,013.20.
- On Tuesday, February 17th, John Bicket sold 263,900 shares of Samsara stock. The stock was sold at an average price of $25.87, for a total transaction of $6,827,093.00.
Samsara Price Performance
IOT traded up $0.47 on Thursday, hitting $27.99. The company had a trading volume of 4,502,457 shares, compared to its average volume of 7,553,471. The stock has a fifty day simple moving average of $30.60 and a 200-day simple moving average of $33.22. The firm has a market capitalization of $16.25 billion, a P/E ratio of -1,398.75, a P/E/G ratio of 10.30 and a beta of 1.29. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $48.40.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Samsara in a research report on Monday, March 2nd. Truist Financial decreased their target price on shares of Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, February 17th. UBS Group reiterated a “buy” rating and set a $48.00 target price on shares of Samsara in a report on Friday, March 6th. BMO Capital Markets boosted their price target on Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, KeyCorp upped their price target on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.18.
Read Our Latest Stock Report on Samsara
Institutional Trading of Samsara
Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Samsara in the fourth quarter worth about $13,464,000. Royal Bank of Canada grew its holdings in shares of Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after buying an additional 48,135 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after buying an additional 17,088 shares during the last quarter. Empowered Funds LLC increased its position in shares of Samsara by 3.4% during the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after acquiring an additional 335 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after acquiring an additional 40,450 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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