Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 56,113 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 56,113 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $39.22, for a total value of $2,200,751.86. Following the transaction, the insider owned 1,532,347 shares of the company's stock, valued at approximately $60,098,649.34. The trade was a 3.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 8th, John Bicket sold 113,887 shares of Samsara stock. The stock was sold at an average price of $38.70, for a total value of $4,407,426.90.
• 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 stock was 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 value of $2,562,824.84.

Samsara Price Performance

IOT stock traded down $0.38 during mid-day trading on Friday, reaching $37.31. 4,123,383 shares of the company's stock were exchanged, compared to its average volume of 4,026,126. The company has a market cap of $21.24 billion, a price-to-earnings ratio of -169.59 and a beta of 1.63. The stock's 50 day moving average is $42.58 and its 200 day moving average is $43.55. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90.

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

Hedge Funds Weigh In On Samsara

Hedge funds have recently bought and sold shares of the business. GLOBALT Investments LLC GA lifted its position in shares of Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock valued at $2,444,000 after acquiring an additional 182 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its position in Samsara by 0.5% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock worth $2,070,000 after buying an additional 250 shares in the last quarter. Nemes Rush Group LLC lifted its position in Samsara by 7.8% during the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock worth $138,000 after buying an additional 260 shares in the last quarter. Tidal Investments LLC lifted its position in Samsara by 4.6% during the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after buying an additional 281 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in Samsara by 32.1% during the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock worth $51,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on IOT. Morgan Stanley decreased their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Piper Sandler set a $53.00 price target on Samsara and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. 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. Finally, Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.64.

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.