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

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total value of $3,183,360.00. Following the completion of the transaction, the chief executive officer now directly owns 1,019,921 shares of the company’s stock, valued at $33,820,580.36. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00.
• 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 transaction 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 transaction 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 value 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 value 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 value 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 value of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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.

Samsara Stock Performance

IOT stock opened at $35.99 on Friday. The company has a market capitalization of $19.81 billion, a P/E ratio of -67.91 and a beta of 1.56. The company has a fifty day moving average price of $34.71 and a 200-day moving average price of $31.50. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, sell-side analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently made changes to their positions in IOT. Quarry LP acquired a new stake in Samsara during the 4th quarter valued at approximately $37,000. Fred Alger Management LLC acquired a new stake in shares of Samsara during the third quarter worth $28,000. Montag A & Associates Inc. raised its stake in Samsara by 1,200.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in Samsara in the fourth quarter valued at $46,000. Finally, Ulland Investment Advisors LLC boosted its position in Samsara by 67.4% during the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after acquiring an additional 600 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on IOT shares. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Loop Capital assumed coverage on Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 price target for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Samsara presently has an average rating of “Moderate Buy” and an average target price of $32.60.

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.