Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $3,157,784.00 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 82,925 shares of Samsara stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $38.08, for a total value of $3,157,784.00. Following the completion of the sale, the insider now directly owns 1,557,115 shares in the company, valued at approximately $59,294,939.20. 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 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.
• 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 value 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 shares were sold at an average price of $39.89, for a total value of $3,501,703.76.
• On Tuesday, May 7th, John Bicket sold 71,521 shares of Samsara stock. The stock was sold at an average price of $38.17, for a total value of $2,729,956.57.
• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $3,265,899.93.

Samsara Trading Up 1.1 %

Shares of NYSE IOT opened at $37.53 on Friday. Samsara Inc. has a 12-month low of $21.48 and a 12-month high of $42.28. The company has a market cap of $20.67 billion, a P/E ratio of -75.06 and a beta of 1.49. The stock has a fifty day moving average price of $34.60 and a 200 day moving average price of $34.69.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. The firm had revenue of $280.73 million during the quarter, compared to the consensus estimate of $272.51 million. On average, sell-side analysts forecast that Samsara Inc. will post -0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IOT. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Saturday, May 25th. Wolfe Research reissued an “outperform” rating and set a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. Evercore ISI reduced their target price on Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Friday, June 7th. Loop Capital reiterated a “buy” rating and issued a $42.00 price target on shares of Samsara in a report on Friday, June 28th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price target on shares of Samsara in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Institutional Trading of Samsara

Several large investors have recently added to or reduced their stakes in IOT. Vanguard Group Inc. increased its holdings in Samsara by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,342,618 shares of the company’s stock valued at $361,577,000 after purchasing an additional 898,428 shares in the last quarter. Raymond James & Associates purchased a new position in Samsara in the 4th quarter valued at about $1,479,000. Fort Washington Investment Advisors Inc. OH purchased a new position in Samsara in the 4th quarter valued at about $608,000. Spinnaker Investment Group LLC purchased a new position in Samsara in the 4th quarter valued at about $244,000. Finally, Stonegate Investment Group LLC purchased a new position in Samsara in the 4th quarter valued at about $229,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

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.