Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 37,632 Shares

Key Points

• Insider John Bicket sold 37,632 shares of Samsara stock for approximately $1.36 million, reducing his ownership position by 2.90% to a total of 1,258,347 shares valued at around $45.49 million.
• Samsara's stock recently traded down by $2.14 to $34.64, with a market capitalization of $19.72 billion and an EPS of -0.3 projected for the current year.
• Analysts hold a consensus rating of "Hold" for Samsara’s stock, with price targets ranging from $47 to $54 after recent adjustments.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 37,632 shares of Samsara stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $36.15, for a total transaction of $1,360,396.80. Following the completion of the sale, the insider directly owned 1,258,347 shares in the company, valued at $45,489,244.05. This represents a 2.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, August 5th, John Bicket sold 132,368 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total transaction of $4,795,692.64.
• On Wednesday, July 23rd, John Bicket sold 45,952 shares of Samsara stock. The stock was sold at an average price of $38.67, for a total value of $1,776,963.84.
• On Tuesday, July 22nd, John Bicket sold 124,048 shares of Samsara stock. The stock was sold at an average price of $37.88, for a total value of $4,698,938.24.
• On Wednesday, July 9th, John Bicket sold 56,113 shares of Samsara stock. The shares were sold at an average price of $39.22, for a total value of $2,200,751.86.
• On Tuesday, July 8th, John Bicket sold 113,887 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total transaction of $4,407,426.90.
• On Tuesday, June 24th, John Bicket sold 170,000 shares of Samsara stock. The shares were 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 shares were sold at an average price of $46.46, for a total transaction 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 transaction 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 transaction 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.

Samsara Stock Performance

NYSE IOT traded down $2.14 during mid-day trading on Thursday, reaching $34.64. 7,470,500 shares of the stock were exchanged, compared to its average volume of 3,923,735. The stock has a market capitalization of $19.72 billion, a PE ratio of -157.43 and a beta of 1.62. The business's fifty day simple moving average is $39.71 and its 200 day simple moving average is $42.66. 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 released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same period in the previous year, the firm earned $0.03 earnings per share. Samsara's revenue for the quarter was up 30.7% on a year-over-year basis. On average, analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Samsara during the fourth quarter valued at approximately $13,464,000. O Shaughnessy Asset Management LLC increased its position in Samsara by 11.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 12,887 shares of the company's stock valued at $563,000 after acquiring an additional 1,308 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Samsara by 7.3% during the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock worth $373,000 after buying an additional 579 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Samsara in the 4th quarter valued at $45,000. Finally, Geode Capital Management LLC lifted its position in Samsara by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,371,071 shares of the company's stock valued at $103,315,000 after acquiring an additional 91,688 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price objective (down previously from $53.00) on shares of Samsara in a report on Thursday. BMO Capital Markets lifted their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Wells Fargo & Company increased their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Morgan Stanley cut their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.21.

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.

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