John Bicket Sells 33,713 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 33,713 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $46.46, for a total transaction of $1,566,305.98. Following the completion of the transaction, the insider now directly owns 30,745 shares of the company's stock, valued at approximately $1,428,412.70. This trade represents a 52.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 3rd, John Bicket sold 136,287 shares of Samsara stock. The shares were 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 shares were 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.
• On Tuesday, May 20th, John Bicket sold 54,148 shares of Samsara stock. The stock was sold at an average price of $47.33, for a total transaction of $2,562,824.84.

Samsara Trading Down 3.4%

Samsara stock traded down $1.61 during mid-day trading on Friday, reaching $45.64. The company's stock had a trading volume of 9,523,673 shares, compared to its average volume of 3,775,973. The firm has a market cap of $25.98 billion, a price-to-earnings ratio of -97.13 and a beta of 1.74. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The business has a 50 day moving average price of $41.45 and a 200-day moving average price of $45.47.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 21.80% and a negative return on equity of 19.44%. The firm had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Samsara's quarterly revenue was up 30.7% on a year-over-year basis. On average, equities analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Institutional Trading of Samsara

Several hedge funds have recently made changes to their positions in IOT. Baillie Gifford & Co. grew its stake in Samsara by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after acquiring an additional 2,516,882 shares during the last quarter. FMR LLC lifted its position in Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company's stock valued at $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Jennison Associates LLC boosted its stake in Samsara by 1,881.8% during the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the period. Finally, Invesco Ltd. grew its position in Samsara by 20.1% in the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock worth $159,995,000 after purchasing an additional 697,208 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IOT shares. Piper Sandler reaffirmed an "overweight" rating and issued a $53.00 price objective (up from $44.00) on shares of Samsara in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Truist Financial cut their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada reduced their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

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.