Samsara Inc. (NYSE:IOT) Insider Sells $2,416,570.24 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 65,632 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $36.82, for a total transaction of $2,416,570.24. Following the sale, the insider now owns 1,478,408 shares in the company, valued at $54,434,982.56. 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, 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 stock was sold at an average price of $37.23, for a total value of $1,353,608.34.
• On Thursday, May 23rd, John Bicket sold 7,855 shares of Samsara stock. The shares were sold at an average price of $40.15, for a total transaction of $315,378.25.
• On Tuesday, May 21st, John Bicket sold 35,327 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total value of $1,444,874.30.
• On Tuesday, May 14th, John Bicket sold 87,784 shares of Samsara stock. The stock was sold at an average price of $39.89, for a total transaction of $3,501,703.76.
• On Tuesday, May 7th, John Bicket sold 71,521 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total value of $2,729,956.57.

Samsara Price Performance

Shares of IOT stock opened at $35.40 on Friday. The firm has a fifty day moving average price of $34.25 and a 200-day moving average price of $34.83. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $42.28. The company has a market cap of $19.50 billion, a price-to-earnings ratio of -70.80 and a beta of 1.49.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The company had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. Equities research analysts expect that Samsara Inc. will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

IOT has been the subject of a number of analyst reports. Piper Sandler reissued a “neutral” rating and set a $36.00 price objective on shares of Samsara in a research note on Friday, June 28th. Evercore ISI decreased their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Friday, June 7th. Bank of America began coverage on Samsara in a research note on Thursday, June 20th. They set a “buy” rating and a $37.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 target price on shares of Samsara in a research note on Wednesday, June 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Samsara in a report on Friday, June 28th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.17.

Institutional Trading of Samsara

Several institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in Samsara during the 4th quarter valued at approximately $37,000. National Bank of Canada FI bought a new position in shares of Samsara during the second quarter worth $38,000. Montag A & Associates Inc. increased its holdings in Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after acquiring an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC purchased a new stake in Samsara in the 4th quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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. Hedge funds and other institutional investors own 89.39% of the company’s stock.

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.