Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 96,000 Shares of Stock

Samsara Inc. (NYSE:IOTGet Free Report) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $34.69, for a total transaction of $3,330,240.00. Following the sale, the chief executive officer now owns 57,600 shares of the company’s stock, valued at $1,998,144. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, March 26th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $39.26, for a total transaction of $3,768,960.00.
  • On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total transaction of $3,059,221.32.
  • On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total transaction of $3,715,200.00.
  • On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.20, for a total transaction of $3,187,200.00.
  • On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The shares were sold at an average price of $33.74, for a total transaction of $2,710,739.08.
  • On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $32.92, for a total transaction of $3,160,320.00.
  • On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The shares were sold at an average price of $31.42, for a total transaction of $2,487,364.30.
  • On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The shares were sold at an average price of $31.93, for a total transaction of $2,944,456.88.
  • On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $32.50, for a total transaction of $3,120,000.00.
  • On Tuesday, January 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.85, for a total transaction of $3,249,600.00.

Samsara Stock Down 3.0 %

NYSE:IOT opened at $34.47 on Thursday. The firm’s 50-day moving average price is $34.79 and its 200-day moving average price is $30.62. Samsara Inc. has a 1-year low of $16.63 and a 1-year high of $40.54.

Samsara (NYSE:IOTGet Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. As a group, sell-side analysts predict that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.56.

Read Our Latest Research Report on IOT

Hedge Funds Weigh In On Samsara

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in Samsara in the 4th quarter worth about $37,000. Fred Alger Management LLC bought a new position in Samsara in the 3rd quarter worth about $28,000. Montag A & Associates Inc. boosted its stake in Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC bought a new position in Samsara in the 4th quarter worth about $46,000. Finally, Ulland Investment Advisors LLC boosted its stake in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

About Samsara

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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