Samsara Inc. (NYSE:IOT) CEO Sells $4,224,948.66 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 75,594 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the transaction, the chief executive officer now directly owns 120,292 shares in the company, valued at $6,723,119.88. The trade was a 38.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $50.37, for a total value of $4,835,520.00.
• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total value of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The shares were sold at an average price of $48.55, for a total value of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total value of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The shares were sold at an average price of $49.44, for a total value of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.69, for a total value of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total transaction of $4,500,480.00.

Samsara Trading Down 0.2 %

IOT stock traded down $0.12 during trading on Tuesday, hitting $55.38. 1,821,032 shares of the stock traded hands, compared to its average volume of 3,532,819. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of -115.36 and a beta of 1.52. Samsara Inc. has a one year low of $26.13 and a one year high of $57.51. The company has a 50 day simple moving average of $49.58 and a 200 day simple moving average of $41.67.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. Samsara’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) earnings per share. As a group, analysts predict that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Samsara during the third quarter valued at approximately $546,000. Virtu Financial LLC bought a new position in Samsara in the 3rd quarter valued at $1,689,000. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara in the 3rd quarter valued at $34,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Samsara by 2.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 149,789 shares of the company’s stock worth $7,208,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Samsara by 33.7% during the third quarter. Toronto Dominion Bank now owns 26,536 shares of the company’s stock valued at $1,277,000 after acquiring an additional 6,692 shares during the period. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial increased their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Loop Capital lifted their target price on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Sandler upped their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BNP Paribas assumed coverage on Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, Evercore ISI raised their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.67.

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.