John Bicket Sells 71,521 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 71,521 shares of Samsara stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.17, for a total value of $2,729,956.57. Following the sale, the insider now directly owns 154,631 shares of the company’s stock, valued at approximately $5,902,265.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total value of $3,265,899.93.
• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total value 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.

Samsara Stock Performance

Shares of Samsara stock traded up $1.32 on Thursday, hitting $39.73. The company’s stock had a trading volume of 2,752,364 shares, compared to its average volume of 3,571,643. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of -74.51 and a beta of 1.58. Samsara Inc. has a 1 year low of $18.24 and a 1 year high of $40.54. The firm has a fifty day moving average price of $35.34 and a 200-day moving average price of $32.27.

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

Analyst Ratings Changes

IOT has been the topic of several research reports. Loop Capital began coverage on shares of Samsara in a research report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price target on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.60.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Samsara by 22.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 175,682 shares of the company’s stock valued at $4,429,000 after purchasing an additional 32,369 shares during the period. Strs Ohio acquired a new stake in Samsara in the third quarter valued at $2,786,000. Bellwether Advisors LLC acquired a new position in Samsara during the third quarter worth about $5,872,000. Principal Financial Group Inc. lifted its stake in Samsara by 608.4% in the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after buying an additional 640,321 shares in the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in Samsara by 24.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 128,820 shares of the company’s stock valued at $3,248,000 after purchasing an additional 25,325 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.