Samsara Inc. (NYSE:IOT) CEO Sells $4,224,948.66 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 75,594 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the completion of the transaction, the chief executive officer now owns 120,292 shares in the company, valued at $6,723,119.88. This trade represents a 38.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00.
• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total value of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $47.09, for a total value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total value of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total transaction of $4,495,680.00.
• On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The shares were sold at an average price of $49.44, for a total transaction of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total value of $4,482,240.00.
• On Tuesday, September 10th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.88, for a total value of $4,500,480.00.

Samsara Stock Down 3.0 %

IOT stock opened at $53.74 on Friday. The stock’s 50 day moving average is $49.83 and its 200-day moving average is $41.84. Samsara Inc. has a twelve month low of $26.13 and a twelve month high of $57.51. The firm has a market capitalization of $29.90 billion, a PE ratio of -111.96 and a beta of 1.52.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) EPS. On average, equities research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler boosted their target price on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Evercore ISI increased their price objective on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Finally, Loop Capital raised their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IOT. Resources Management Corp CT ADV boosted its holdings in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after buying an additional 490 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Samsara in the third quarter worth about $34,000. National Bank of Canada FI purchased a new position in Samsara in the second quarter valued at about $38,000. Nemes Rush Group LLC bought a new position in shares of Samsara during the 2nd quarter valued at approximately $45,000. Finally, Continuum Advisory LLC increased its stake in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

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.