Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 83,091 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 83,091 shares of Samsara stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $53.81, for a total transaction of $4,471,126.71. Following the sale, the insider now owns 19,200 shares of the company’s stock, valued at approximately $1,033,152. The trade was a 81.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, November 27th, John Bicket sold 96,000 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total transaction of $5,352,000.00.
• On Monday, November 25th, John Bicket sold 75,600 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00.
• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total value of $3,045,224.76.
• 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 transaction of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total value of $2,605,291.20.

Samsara Stock Down 1.3 %

Shares of IOT stock traded down $0.71 during trading on Thursday, reaching $55.13. 4,618,161 shares of the company’s stock were exchanged, compared to its average volume of 3,512,399. The firm’s fifty day moving average price is $50.35 and its 200-day moving average price is $42.33. The stock has a market capitalization of $30.67 billion, a PE ratio of -114.85 and a beta of 1.53. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $289.53 million. During the same period last year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. As a group, analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Morgan Stanley increased their price objective on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial increased their price objective on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Finally, Piper Sandler boosted their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.71.

Hedge Funds Weigh In On Samsara

Hedge funds have recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the third quarter worth about $34,000. Continuum Advisory LLC lifted its holdings in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares in the last quarter. UMB Bank n.a. grew its position in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Samsara in the second quarter worth $38,000. Institutional investors own 89.39% of the company’s stock.

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.