Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 113,887 Shares

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 113,887 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $38.70, for a total value of $4,407,426.90. Following the completion of the transaction, the insider owned 72,000 shares of the company's stock, valued at $2,786,400. This trade represents a 61.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John Bicket also recently made the following trade(s):

• On Wednesday, July 9th, John Bicket sold 56,113 shares of Samsara stock. The stock was sold at an average price of $39.22, for a total value of $2,200,751.86.
• On Tuesday, June 24th, John Bicket sold 170,000 shares of Samsara stock. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00.
• On Wednesday, June 4th, John Bicket sold 33,713 shares of Samsara stock. The stock was sold at an average price of $46.46, for a total value of $1,566,305.98.
• On Tuesday, June 3rd, John Bicket sold 136,287 shares of Samsara stock. The stock was sold at an average price of $46.03, for a total value of $6,273,290.61.
• On Thursday, May 22nd, John Bicket sold 52,573 shares of Samsara stock. The stock was sold at an average price of $46.25, for a total value of $2,431,501.25.
• On Wednesday, May 21st, John Bicket sold 63,279 shares of Samsara stock. The shares were sold at an average price of $46.54, for a total value of $2,945,004.66.
• On Tuesday, May 20th, John Bicket sold 54,148 shares of Samsara stock. The shares were sold at an average price of $47.33, for a total transaction of $2,562,824.84.

Samsara Trading Down 1.0%

Samsara stock traded down $0.38 during trading on Friday, hitting $37.31. The company had a trading volume of 4,123,383 shares, compared to its average volume of 4,026,126. The company's 50 day simple moving average is $42.58 and its 200-day simple moving average is $43.55. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of -169.59 and a beta of 1.63. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company's quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. As a group, analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IOT shares. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets raised their price target on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. Wells Fargo & Company raised their target price on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Piper Sandler set a $53.00 target price on shares of Samsara and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, Morgan Stanley decreased their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $50.64.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. grew its stake in shares of Samsara by 7.1% during the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after purchasing an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after purchasing an additional 2,516,882 shares in the last quarter. FMR LLC grew its stake in shares of Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after purchasing an additional 2,852,575 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock worth $159,995,000 after purchasing an additional 697,208 shares in the last quarter. Institutional investors and hedge funds own 96.02% 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.