Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 96,000 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $33.16, for a total value of $3,183,360.00. Following the transaction, the chief executive officer now owns 1,019,921 shares in the company, valued at $33,820,580.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00.
• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The shares were 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 stock was sold at an average price of $34.69, for a total transaction 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 transaction of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 stock was sold at an average price of $33.20, for a total value of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The stock was sold at an average price of $33.74, for a total value of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 stock was sold at an average price of $31.42, for a total transaction of $2,487,364.30.

Samsara Trading Down 0.8 %

IOT traded down $0.26 during trading on Thursday, reaching $34.39. The company’s stock had a trading volume of 3,215,357 shares, compared to its average volume of 3,675,056. The firm has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $31.40. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Analysts expect that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fred Alger Management LLC acquired a new stake in Samsara during the third quarter worth $28,000. Quarry LP acquired a new stake in shares of Samsara during the fourth quarter valued at about $37,000. Ulland Investment Advisors LLC raised its stake in shares of Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after acquiring an additional 600 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Tradition Wealth Management LLC purchased a new position in shares of Samsara during the 4th quarter worth approximately $46,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Loop Capital began coverage on shares of Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.