Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells $3,274,481.94 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 91,954 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $35.61, for a total transaction of $3,274,481.94. Following the completion of the sale, the chief executive officer now owns 1,780,758 shares in the company, valued at $63,412,792.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.16, for a total value of $3,183,360.00.
• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 shares were 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 stock was 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 stock was 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 value 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.

Samsara Price Performance

NYSE:IOT opened at $38.03 on Friday. Samsara Inc. has a 1-year low of $16.63 and a 1-year high of $40.54. The company has a 50-day moving average of $35.03 and a 200 day moving average of $31.90. The firm has a market cap of $20.94 billion, a PE ratio of -71.75 and a beta of 1.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IOT. Baillie Gifford & Co. boosted its position in Samsara by 5.4% during the third quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company’s stock valued at $569,398,000 after purchasing an additional 1,166,989 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Samsara by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after buying an additional 917,389 shares during the last quarter. FMR LLC raised its stake in shares of Samsara by 11.8% during the 3rd quarter. FMR LLC now owns 6,959,343 shares of the company’s stock worth $175,445,000 after acquiring an additional 731,963 shares in the last quarter. Principal Financial Group Inc. lifted its position in Samsara by 608.4% during the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after acquiring an additional 640,321 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Samsara by 82.0% in the third quarter. Qube Research & Technologies Ltd now owns 832,350 shares of the company’s stock valued at $20,984,000 after acquiring an additional 375,017 shares in the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IOT. Loop Capital initiated coverage on shares of Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 target price for the company. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average target price of $32.60.

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.