Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 64,137 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 64,137 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $47.48, for a total value of $3,045,224.76. Following the sale, the insider now owns 41,288 shares in the company, valued at approximately $1,960,354.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 29th, John Bicket sold 42,942 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total value of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The stock was sold at an average price of $39.92, for a total transaction of $3,721,023.04.
• On Tuesday, August 27th, John Bicket sold 83,583 shares of Samsara stock. The shares were sold at an average price of $41.94, for a total transaction of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28.

Samsara Stock Up 3.0 %

Shares of Samsara stock opened at $51.79 on Friday. Samsara Inc. has a 52-week low of $23.12 and a 52-week high of $51.83. The company has a 50 day moving average of $47.03 and a 200 day moving average of $40.03. The company has a market capitalization of $28.81 billion, a P/E ratio of -107.90 and a beta of 1.52.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue was up 36.9% on a year-over-year basis. As a group, research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IOT. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Samsara in the 1st quarter valued at $13,590,000. Nordea Investment Management AB acquired a new stake in shares of Samsara during the first quarter worth about $306,000. Daiwa Securities Group Inc. purchased a new position in shares of Samsara during the first quarter worth about $457,000. Empowered Funds LLC acquired a new position in Samsara in the 1st quarter valued at about $218,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Samsara by 1.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 67,141 shares of the company’s stock valued at $2,537,000 after acquiring an additional 752 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IOT. Royal Bank of Canada lifted their target price on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. BMO Capital Markets upped their price objective on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Craig Hallum began coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Loop Capital lifted their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, StockNews.com lowered shares of Samsara from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Hold” and an average target price of $44.20.

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.