Samsara Inc. (NYSE:IOT – Get Rating) insider John Bicket sold 84,261 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $27.48, for a total transaction of $2,315,492.28. Following the sale, the insider now directly owns 916,854 shares in the company, valued at $25,195,147.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, June 12th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $29.90, for a total value of $2,699,820.50.
• On Tuesday, May 30th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $19.66, for a total value of $1,775,199.70.
• On Tuesday, May 23rd, John Bicket sold 57,411 shares of Samsara stock. The stock was sold at an average price of $20.02, for a total transaction of $1,149,368.22.
• On Wednesday, May 17th, John Bicket sold 32,164 shares of Samsara stock. The shares were sold at an average price of $19.87, for a total transaction of $639,098.68.
• On Tuesday, May 9th, John Bicket sold 55,428 shares of Samsara stock. The shares were sold at an average price of $19.16, for a total transaction of $1,062,000.48.
• On Tuesday, May 2nd, John Biket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $17.25, for a total value of $1,557,588.75.
• On Tuesday, April 25th, John Bicket sold 20,896 shares of Samsara stock. The stock was sold at an average price of $20.73, for a total value of $433,174.08.
• On Tuesday, April 18th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $21.96, for a total value of $1,982,878.20.
• On Tuesday, April 4th, John Bicket sold 83,894 shares of Samsara stock. The shares were sold at an average price of $19.71, for a total transaction of $1,653,550.74.
• On Tuesday, March 28th, John Biket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $17.90, for a total transaction of $1,616,280.50.

Samsara Price Performance

NYSE IOT opened at $26.11 on Monday. The business has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $17.92. The stock has a market capitalization of $13.80 billion, a PE ratio of -55.55 and a beta of 1.01. Samsara Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $30.91.

Samsara (NYSE:IOT – Get Rating) last released its quarterly earnings data on Thursday, June 1st. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $204.32 million for the quarter, compared to analyst estimates of $193.03 million. Samsara had a negative return on equity of 21.20% and a negative net margin of 34.20%. As a group, sell-side analysts expect that Samsara Inc. will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently added to or reduced their stakes in IOT. Macquarie Group Ltd. grew its stake in shares of Samsara by 37.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock worth $30,000 after buying an additional 649 shares during the last quarter. Arizona State Retirement System grew its position in Samsara by 3.8% during the 4th quarter. Arizona State Retirement System now owns 20,436 shares of the company’s stock worth $254,000 after acquiring an additional 754 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Samsara by 14.1% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 12,448 shares of the company’s stock worth $245,000 after purchasing an additional 1,538 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Samsara in the first quarter valued at about $32,000. Finally, Citigroup Inc. boosted its stake in shares of Samsara by 44.5% during the fourth quarter. Citigroup Inc. now owns 5,870 shares of the company’s stock valued at $73,000 after purchasing an additional 1,807 shares in the last quarter. 50.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IOT. Wells Fargo & Company boosted their price objective on Samsara from $23.00 to $25.00 in a report on Friday, June 2nd. Royal Bank of Canada increased their price objective on Samsara from $27.00 to $32.00 in a research report on Friday. The Goldman Sachs Group raised shares of Samsara from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $27.00 in a research report on Friday, March 3rd. BMO Capital Markets boosted their price objective on shares of Samsara from $19.00 to $23.00 in a report on Friday, June 2nd. Finally, Morgan Stanley cut shares of Samsara from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.80.

Samsara Company Profile

(Get Rating)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

Further Reading

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