Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 36,358 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 36,358 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $37.23, for a total value of $1,353,608.34. Following the transaction, the insider now owns 1,640,040 shares of the company’s stock, valued at approximately $61,058,689.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, May 23rd, John Bicket sold 7,855 shares of Samsara stock. The stock was 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 stock was sold at an average price of $39.89, for a total transaction 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 transaction of $2,729,956.57.
• 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 transaction of $3,265,899.93.

Samsara Price Performance

IOT stock opened at $35.73 on Friday. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The stock has a market cap of $19.68 billion, a price-to-earnings ratio of -71.46 and a beta of 1.49. The company has a fifty day moving average price of $34.95 and a two-hundred day moving average price of $34.50.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The company had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $272.51 million. Research analysts anticipate that Samsara Inc. will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in Samsara by 3.7% during the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock worth $877,682,000 after purchasing an additional 827,848 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Samsara by 18.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company’s stock worth $666,584,000 after buying an additional 2,797,326 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Samsara by 12.1% during the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock worth $646,253,000 after buying an additional 1,841,149 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company’s stock valued at $288,266,000 after acquiring an additional 3,853,400 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in shares of Samsara by 12.2% in the first quarter. Westfield Capital Management Co. LP now owns 2,228,759 shares of the company’s stock valued at $84,225,000 after acquiring an additional 243,170 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IOT shares. Piper Sandler restated a “neutral” rating and issued a $36.00 price objective on shares of Samsara in a report on Friday, June 28th. Loop Capital restated a “buy” rating and issued a $42.00 price target on shares of Samsara in a research note on Friday, June 28th. Wolfe Research reiterated an “outperform” rating and set a $44.00 price objective on shares of Samsara in a research note on Friday, June 28th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 price objective on shares of Samsara in a report on Tuesday, June 11th. Finally, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Saturday, May 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.17.

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.