Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 75,594 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 75,594 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66. Following the sale, the chief executive officer now owns 120,292 shares of the company’s stock, valued at approximately $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 link.

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

• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $50.37, for a total value 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 value 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 transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total transaction 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 value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.83, for a total value 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 value of $3,691,536.48.
• On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 shares were sold at an average price of $46.88, for a total transaction of $4,500,480.00.

Samsara Trading Down 0.2 %

NYSE:IOT opened at $55.38 on Wednesday. Samsara Inc. has a 12-month low of $26.13 and a 12-month high of $57.51. The firm has a market cap of $30.81 billion, a PE ratio of -115.36 and a beta of 1.52. The stock has a fifty day moving average price of $49.58 and a 200 day moving average price of $41.67.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. Equities analysts forecast that Samsara Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BNP Paribas initiated coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Wells Fargo & Company increased their price objective on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Piper Sandler lifted their target price on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Bank of America upped their price target on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Loop Capital boosted their price objective on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.67.

Institutional Investors Weigh In On Samsara

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Samsara in the third quarter valued at approximately $546,000. Virtu Financial LLC acquired a new stake in shares of Samsara in the 3rd quarter valued at about $1,689,000. Hobbs Group Advisors LLC purchased a new position in Samsara during the 3rd quarter worth approximately $34,000. Teachers Retirement System of The State of Kentucky increased its position in Samsara by 2.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 149,789 shares of the company’s stock worth $7,208,000 after buying an additional 3,000 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Samsara by 33.7% in the third quarter. Toronto Dominion Bank now owns 26,536 shares of the company’s stock valued at $1,277,000 after buying an additional 6,692 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.