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

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.73, for a total transaction of $2,950,080.00. Following the completion of the transaction, the chief executive officer now directly owns 1,115,921 shares in the company, valued at approximately $34,292,252.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The stock was sold at an average price of $33.48, for a total transaction of $1,933,436.52.
• 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 stock was 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 stock was 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 stock was sold at an average price of $38.70, for a total transaction 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 transaction 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 transaction of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.92, for a total transaction of $3,160,320.00.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The shares were 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 shares were sold at an average price of $31.93, for a total value of $2,944,456.88.

Samsara Trading Up 0.2 %

NYSE:IOT traded up $0.05 during trading hours on Thursday, hitting $31.02. 3,380,095 shares of the company traded hands, compared to its average volume of 3,681,924. Samsara Inc. has a twelve month low of $16.63 and a twelve month high of $40.54. The firm has a 50-day moving average of $34.91 and a 200 day moving average of $31.15. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of -58.42 and a beta of 1.56.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting analysts' consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Equities research analysts predict that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Several institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Samsara in the fourth quarter valued at $37,000. Fred Alger Management LLC acquired a new position in Samsara in the third quarter worth $28,000. Montag A & Associates Inc. lifted its position in Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company's stock worth $43,000 after buying an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC bought a new position in Samsara in the 4th quarter worth approximately $46,000. Finally, Ulland Investment Advisors LLC raised its position in shares of Samsara by 67.4% during the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company's stock worth $38,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the subject of several research reports. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a report on Tuesday, March 5th. Loop Capital assumed coverage on shares of Samsara in a research note on Thursday. They issued a "buy" rating and a $42.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $32.60.

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.

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