Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 78,128 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 78,128 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.51, for a total value of $3,164,965.28. Following the completion of the transaction, the insider now directly owns 1,273,912 shares of the company’s stock, valued at $51,606,175.12. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, August 6th, John Bicket sold 81,486 shares of Samsara stock. The shares were sold at an average price of $37.04, for a total value of $3,018,241.44.
• On Tuesday, July 30th, John Bicket sold 65,632 shares of Samsara stock. The shares were sold at an average price of $36.82, for a total value of $2,416,570.24.
• On Tuesday, July 23rd, John Bicket sold 82,925 shares of Samsara stock. The stock was sold at an average price of $38.08, for a total transaction of $3,157,784.00.
• On Wednesday, July 17th, John Bicket sold 36,358 shares of Samsara stock. The shares were sold at an average price of $37.23, for a total transaction of $1,353,608.34.

Samsara Trading Down 1.0 %

Shares of NYSE IOT opened at $40.87 on Friday. The firm has a market capitalization of $22.51 billion, a PE ratio of -81.73 and a beta of 1.49. The firm’s 50-day moving average is $35.75 and its 200-day moving average is $35.48. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $42.28.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $272.51 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. As a group, equities research analysts anticipate that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on IOT. Bank of America assumed coverage on shares of Samsara in a research note on Thursday, June 20th. They issued a “buy” rating and a $37.00 target price for the company. Loop Capital reiterated a “buy” rating and issued a $42.00 price objective on shares of Samsara in a research report on Friday, June 28th. StockNews.com cut Samsara from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Samsara in a report on Friday, June 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price objective on shares of Samsara in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.17.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently made changes to their positions in IOT. Advisors Asset Management Inc. increased its stake in Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after purchasing an additional 280 shares in the last quarter. Janney Capital Management LLC raised its stake in Samsara by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after buying an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $53,000 after buying an additional 381 shares during the period. Resources Management Corp CT ADV grew its stake in Samsara by 104.0% in 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 during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after acquiring an additional 497 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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.