John Bicket Sells 107,152 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 107,152 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total value of $5,478,681.76. Following the sale, the insider now owns 138,000 shares in the company, valued at $7,055,940. The trade was a 43.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, December 3rd, John Bicket sold 83,091 shares of Samsara stock. The shares were sold at an average price of $53.81, for a total value of $4,471,126.71.
• On Wednesday, November 27th, John Bicket sold 96,000 shares of Samsara stock. The stock was sold at an average price of $55.75, for a total value of $5,352,000.00.
• On Monday, November 25th, John Bicket sold 75,600 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total value of $4,225,284.00.
• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76.

Samsara Price Performance

Shares of IOT traded down $0.74 during trading hours on Wednesday, hitting $51.08. 2,897,863 shares of the company were exchanged, compared to its average volume of 2,623,798. The company has a market capitalization of $28.67 billion, a PE ratio of -108.69 and a beta of 1.59. The firm has a fifty day simple moving average of $47.98 and a 200-day simple moving average of $45.62. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IOT. Truist Financial increased their price target on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. BNP Paribas started coverage on Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Morgan Stanley increased their price objective on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.29.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara in the third quarter valued at about $34,000. Continuum Advisory LLC grew its position in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. grew its position in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.