Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $2,605,291.20 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 54,504 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $47.80, for a total transaction of $2,605,291.20. Following the completion of the transaction, the insider now directly owns 997,116 shares in the company, valued at $47,662,144.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were 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 shares were sold at an average price of $40.51, for a total transaction of $3,164,965.28.
• 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 transaction 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 transaction of $2,416,570.24.
• On Tuesday, July 23rd, John Bicket sold 82,925 shares of Samsara stock. The shares were 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 value of $1,353,608.34.

Samsara Price Performance

Shares of NYSE IOT opened at $50.50 on Friday. Samsara Inc. has a one year low of $21.48 and a one year high of $51.53. The firm’s 50 day simple moving average is $43.78 and its two-hundred day simple moving average is $38.16. The stock has a market capitalization of $28.10 billion, a P/E ratio of -105.21 and a beta of 1.52.

Samsara (NYSE:IOT) last issued its quarterly 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 business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same period last year, the business earned ($0.11) earnings per share. The business’s quarterly revenue was up 36.9% on a year-over-year basis. As a group, equities analysts expect that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

IOT has been the topic of several analyst reports. Piper Sandler upped their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Wolfe Research reiterated an “outperform” rating and set a $44.00 price target on shares of Samsara in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. StockNews.com cut Samsara from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Bank of America upped their price target on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Europe London LLP purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $2,025,000. Bayesian Capital Management LP boosted its stake in shares of Samsara by 66.8% during the fourth quarter. Bayesian Capital Management LP now owns 103,600 shares of the company’s stock valued at $3,458,000 after purchasing an additional 41,500 shares during the period. Oracle Alpha Inc. purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $929,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $5,968,000. Finally, Quarry LP purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $37,000. 89.39% of the stock is currently owned by institutional investors.

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.