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

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $34.23, for a total value of $3,286,080.00. Following the completion of the sale, the chief executive officer now directly owns 115,200 shares of the company’s stock, valued at approximately $3,943,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $29.49, for a total transaction of $2,831,040.00.
• On Tuesday, June 11th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $29.78, for a total transaction of $2,858,880.00.
• On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total value of $3,210,240.00.
• On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $37.81, for a total value of $3,629,760.00.
• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total value of $308,187.84.
• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The stock was sold at an average price of $40.90, for a total value of $1,444,588.00.
• On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The stock was sold at an average price of $39.89, for a total transaction of $3,512,553.84.
• On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total transaction of $2,720,223.22.
• On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total transaction of $3,274,481.94.
• 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.

Samsara Stock Up 0.6 %

Shares of Samsara stock opened at $35.67 on Friday. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $42.28. The company’s 50 day moving average is $35.17 and its 200 day moving average is $34.28. The company has a market cap of $19.65 billion, a price-to-earnings ratio of -71.34 and a beta of 1.49.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. Sell-side analysts expect that Samsara Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Samsara in a research report on Friday, June 28th. Wolfe Research reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research report on Friday, June 28th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Samsara in a report on Wednesday, June 26th. Finally, Evercore ISI cut their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Friday, June 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Institutional Investors Weigh In On Samsara

A number of large investors have recently made changes to their positions in IOT. Advisors Asset Management Inc. boosted its holdings in shares of Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares during the last quarter. Janney Capital Management LLC boosted its stake in shares of Samsara by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after acquiring an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares during the period. Cetera Advisors LLC increased its stake in shares of Samsara by 6.8% in the 1st quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after purchasing an additional 497 shares in the last quarter. Finally, Ulland Investment Advisors LLC raised its holdings in Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after purchasing an additional 500 shares during the period. 89.39% of the stock is currently owned by 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.