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 business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $51.13, for a total value of $5,478,681.76. Following the completion of the transaction, the insider now directly owns 138,000 shares of the company’s stock, valued at approximately $7,055,940. This trade represents a 43.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 Trading Down 1.2 %

IOT stock opened at $51.38 on Friday. The stock has a 50-day moving average price of $47.90 and a two-hundred day moving average price of $45.71. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The company has a market cap of $28.83 billion, a PE ratio of -109.31 and a beta of 1.59.

Institutional Investors Weigh In On Samsara

Large investors have recently modified their holdings of the stock. 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 stake 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 buying an additional 247 shares in the last quarter. UMB Bank n.a. grew its stake 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 buying an additional 418 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake 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 buying an additional 1,000 shares in the last quarter. Finally, Private Trust Co. NA grew its stake 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 buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IOT. Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets upped their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, TD Cowen upped their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.29.

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.