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

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total value of $2,950,080.00. Following the completion of the sale, the chief executive officer now owns 1,115,921 shares in the company, valued at approximately $34,292,252.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $34.69, for a total transaction 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 transaction of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The stock was sold at an average price of $36.36, for a total transaction 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 transaction of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 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 shares were 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 shares were sold at an average price of $31.93, for a total transaction of $2,944,456.88.

Samsara Stock Up 0.2 %

NYSE IOT traded up $0.05 on Thursday, reaching $31.02. The company had a trading volume of 3,380,095 shares, compared to its average volume of 3,681,924. The company’s fifty day moving average is $34.91 and its 200 day moving average is $31.15. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54. The stock has a market capitalization of $17.08 billion, a P/E ratio of -58.42 and a beta of 1.56.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. On average, research analysts expect that Samsara Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Samsara by 84.4% during the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock worth $92,175,000 after acquiring an additional 3,495,366 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Samsara by 19.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company’s stock worth $495,421,000 after buying an additional 2,425,103 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in Samsara during the second quarter worth about $52,707,000. PointState Capital LP raised its position in Samsara by 62.7% in the first quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock worth $58,335,000 after acquiring an additional 1,402,994 shares during the period. Finally, Bank of America Corp DE boosted its stake in Samsara by 13,691.1% in the first quarter. Bank of America Corp DE now owns 1,266,710 shares of the company’s stock valued at $24,980,000 after acquiring an additional 1,257,525 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IOT shares. Loop Capital started coverage on Samsara in a research note on Thursday. They issued a “buy” rating and a $42.00 target price for the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus price target 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.