Sanjit Biswas Sells 64,188 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 64,188 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $47.48, for a total value of $3,047,646.24. Following the completion of the sale, the chief executive officer now directly owns 41,272 shares of the company’s stock, valued at $1,959,594.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The shares were sold at an average price of $48.55, for a total transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total transaction of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total value of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The shares were sold at an average price of $49.44, for a total transaction of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total transaction of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total transaction of $4,500,480.00.
• On Tuesday, September 3rd, Sanjit Biswas sold 93,107 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total value of $3,716,831.44.
• On Tuesday, August 27th, Sanjit Biswas sold 84,030 shares of Samsara stock. The stock was sold at an average price of $41.94, for a total value of $3,524,218.20.

Samsara Stock Performance

IOT stock traded up $1.53 during midday trading on Thursday, reaching $51.79. 2,373,984 shares of the company were exchanged, compared to its average volume of 3,588,640. The company has a market cap of $28.81 billion, a price-to-earnings ratio of -107.75 and a beta of 1.52. Samsara Inc. has a 1-year low of $23.12 and a 1-year high of $51.83. The stock’s 50-day simple moving average is $47.03 and its 200 day simple moving average is $40.03.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping 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 business earned ($0.11) EPS. Samsara’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

IOT has been the subject of several research reports. Morgan Stanley lifted their target price on Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Loop Capital raised their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada boosted their price target on shares of Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Piper Sandler increased their price objective on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Bank of America boosted their target price on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.20.

Institutional Trading of Samsara

A number of large investors have recently made changes to their positions in IOT. Bank of Montreal Can purchased a new stake in Samsara in the second quarter valued at approximately $537,000. Magnetar Financial LLC purchased a new stake in shares of Samsara in the second quarter valued at about $1,240,000. International Assets Investment Management LLC raised its holdings in shares of Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Samsara during the first quarter worth about $19,477,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Samsara during the first quarter worth about $647,000. 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.