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

Posted by AM Reporter Staff on Apr 20th, 2024

Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00. Following the completion of the transaction, the chief executive officer now directly owns 1,115,921 shares of the company’s stock, valued at approximately $34,292,252.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The stock was sold at an average price of $33.48, for a total value of $1,933,436.52.
On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.69, for a total value of $3,330,240.00.
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 stock was 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 stock was 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 stock was sold at an average price of $33.74, for a total value 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 value of $3,160,320.00.
On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value 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.

Samsara Trading Down 2.8 %

Shares of NYSE:IOT opened at $30.15 on Friday. The stock has a market capitalization of $16.60 billion, a PE ratio of -56.89 and a beta of 1.56. The firm has a 50 day moving average of $34.74 and a 200-day moving average of $31.18. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new position in shares of Samsara in the fourth quarter worth about $27,000. Fred Alger Management LLC acquired a new position in Samsara during the 3rd quarter worth approximately $28,000. Macquarie Group Ltd. lifted its stake in Samsara by 37.3% in the 4th quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock valued at $30,000 after purchasing an additional 649 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Samsara in the second quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in shares of Samsara during the fourth quarter worth $37,000. Institutional investors own 89.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IOT. Loop Capital started coverage on shares of Samsara in a research note on Thursday. They issued a “buy” rating and a $42.00 price objective for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.60.

Check Out Our Latest Stock Analysis on Samsara

Samsara Company Profile

(Get Free Report)

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.