Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 45,736 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 45,736 shares of Samsara stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $39.18, for a total value of $1,791,936.48. Following the transaction, the insider owned 1,105,902 shares in the company, valued at approximately $43,329,240.36. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 8th, Sanjit Biswas sold 114,264 shares of Samsara stock. The stock was sold at an average price of $38.70, for a total value of $4,422,016.80.
• On Tuesday, June 24th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $39.58, for a total value of $6,332,800.00.
• On Wednesday, June 4th, Sanjit Biswas sold 23,605 shares of Samsara stock. The stock was sold at an average price of $46.38, for a total value of $1,094,799.90.
• On Tuesday, June 3rd, Sanjit Biswas sold 136,395 shares of Samsara stock. The stock was sold at an average price of $46.03, for a total value of $6,278,261.85.
• On Thursday, May 22nd, Sanjit Biswas sold 42,526 shares of Samsara stock. The stock was sold at an average price of $46.23, for a total value of $1,965,976.98.
• On Wednesday, May 21st, Sanjit Biswas sold 63,017 shares of Samsara stock. The stock was sold at an average price of $46.54, for a total value of $2,932,811.18.
• On Tuesday, May 20th, Sanjit Biswas sold 54,457 shares of Samsara stock. The stock was sold at an average price of $47.33, for a total value of $2,577,449.81.
• On Thursday, May 8th, Sanjit Biswas sold 21,735 shares of Samsara stock. The shares were sold at an average price of $42.98, for a total value of $934,170.30.
• On Tuesday, May 6th, Sanjit Biswas sold 73,398 shares of Samsara stock. The shares were sold at an average price of $41.30, for a total value of $3,031,337.40.
• On Tuesday, April 22nd, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $34.97, for a total value of $5,595,200.00.

Samsara Stock Down 1.0%

Shares of IOT traded down $0.38 on Friday, reaching $37.31. The stock had a trading volume of 4,123,383 shares, compared to its average volume of 4,026,126. The firm has a market capitalization of $21.24 billion, a PE ratio of -169.59 and a beta of 1.63. The firm has a 50-day moving average of $42.58 and a 200 day moving average of $43.55. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90.

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

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Brighton Jones LLC acquired a new stake in shares of Samsara in the 4th quarter worth approximately $13,464,000. US Bancorp DE lifted its stake in shares of Samsara by 71.3% during the 4th quarter. US Bancorp DE now owns 5,283 shares of the company's stock worth $231,000 after purchasing an additional 2,199 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Samsara during the 4th quarter worth $31,000. Victory Capital Management Inc. lifted its stake in shares of Samsara by 12.7% during the 4th quarter. Victory Capital Management Inc. now owns 76,442 shares of the company's stock worth $3,340,000 after purchasing an additional 8,591 shares during the period. Finally, Assetmark Inc. purchased a new position in shares of Samsara during the 4th quarter worth $433,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on IOT shares. Morgan Stanley lowered their target price 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. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets lifted their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Evercore ISI set a $45.00 price target on Samsara in a report on Wednesday, June 25th. Finally, Wells Fargo & Company boosted their target price on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.