Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 91,713 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 91,713 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $35.61, for a total transaction of $3,265,899.93. Following the sale, the insider now owns 2,232,749 shares of the company’s stock, valued at approximately $79,508,191.89. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The stock was sold at an average price of $33.48, for a total transaction of $1,934,139.60.
• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The stock was sold at an average price of $33.73, for a total transaction of $2,720,459.42.
• On Tuesday, February 6th, John Bicket sold 79,236 shares of Samsara stock. The stock was sold at an average price of $31.43, for a total transaction of $2,490,387.48.

Samsara Trading Up 4.5 %

Shares of NYSE:IOT traded up $1.57 during midday trading on Thursday, reaching $36.82. The company had a trading volume of 3,477,664 shares, compared to its average volume of 3,642,427. The company’s 50 day moving average price is $34.85 and its 200 day moving average price is $31.77. The stock has a market cap of $20.27 billion, a P/E ratio of -69.47 and a beta of 1.58. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The company had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Research analysts forecast that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IOT. SG Americas Securities LLC raised its stake in Samsara by 204.4% in the 3rd quarter. SG Americas Securities LLC now owns 23,005 shares of the company’s stock valued at $580,000 after acquiring an additional 15,447 shares during the period. SVB Wealth LLC increased its position in shares of Samsara by 23.8% during the third quarter. SVB Wealth LLC now owns 32,221 shares of the company’s stock valued at $812,000 after buying an additional 6,197 shares during the period. Bank of New York Mellon Corp increased its position in shares of Samsara by 22.6% during the third quarter. Bank of New York Mellon Corp now owns 175,682 shares of the company’s stock valued at $4,429,000 after buying an additional 32,369 shares during the period. Strs Ohio bought a new stake in shares of Samsara during the third quarter valued at about $2,786,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Samsara during the third quarter valued at about $5,872,000. 89.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of analyst reports. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Loop Capital initiated coverage on shares of Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average target price of $32.60.

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.