Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 57,749 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 57,749 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,933,436.52. Following the completion of the sale, the chief executive officer now directly owns 1,250,172 shares of the company's stock, valued at $41,855,758.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 value of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total value of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total value 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 shares were 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.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30.
• On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The stock was sold at an average price of $31.93, for a total value of $2,944,456.88.
• On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00.

Samsara Price Performance

Shares of NYSE:IOT traded up $0.04 on Thursday, hitting $32.40. The company's stock had a trading volume of 2,615,797 shares, compared to its average volume of 3,714,039. The company has a 50-day simple moving average of $34.99 and a 200 day simple moving average of $30.92. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54. The company has a market capitalization of $17.84 billion, a PE ratio of -61.13 and a beta of 1.56.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million for the quarter, compared to analysts' expectations of $258.56 million. On average, equities research analysts expect that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research note on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.56.

Hedge Funds Weigh In On Samsara

A number of large investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings in shares of Samsara by 5.4% during the 3rd quarter. Baillie Gifford & Co. now owns 22,586,188 shares of the company's stock valued at $569,398,000 after buying an additional 1,166,989 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 917,389 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Samsara by 19.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company's stock worth $495,421,000 after purchasing an additional 2,425,103 shares during the period. Morgan Stanley increased its stake in Samsara by 4.6% in the 4th quarter. Morgan Stanley now owns 7,326,909 shares of the company's stock worth $91,073,000 after purchasing an additional 320,468 shares during the period. Finally, FMR LLC increased its stake in Samsara by 11.8% in the 3rd quarter. FMR LLC now owns 6,959,343 shares of the company's stock worth $175,445,000 after purchasing an additional 731,963 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.