Samsara Inc. (NYSE:IOT) Insider Sells $2,729,956.57 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 71,521 shares of Samsara stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.17, for a total value of $2,729,956.57. Following the completion of the sale, the insider now directly owns 154,631 shares of the company’s stock, valued at approximately $5,902,265.27. The transaction was disclosed in a document filed with the SEC, which is available at this link.

John Bicket also recently made the following trade(s):

• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total value of $3,265,899.93.
• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total transaction of $1,934,139.60.
• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The stock was sold at an average price of $33.73, for a total transaction of $2,720,459.42.

Samsara Trading Up 3.4 %

IOT traded up $1.32 during trading on Thursday, hitting $39.73. 2,752,364 shares of the company traded hands, compared to its average volume of 3,571,643. The company has a market cap of $21.87 billion, a PE ratio of -74.51 and a beta of 1.58. Samsara Inc. has a 1 year low of $18.24 and a 1 year high of $40.54. The stock’s 50-day simple moving average is $35.34 and its two-hundred day simple moving average is $32.27.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IOT. Loop Capital started coverage on shares of Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price on the stock. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Capital Management LLC boosted its holdings in shares of Samsara by 3.1% in the 4th 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after purchasing an additional 381 shares during the last quarter. Ulland Investment Advisors LLC increased its holdings in Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after buying an additional 500 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Samsara by 1.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock valued at $2,216,000 after purchasing an additional 644 shares during the period. Finally, Nvwm LLC boosted its stake in shares of Samsara by 4.2% in the first quarter. Nvwm LLC now owns 17,239 shares of the company’s stock worth $651,000 after buying an additional 689 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

About Samsara

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.