Samsara Inc. (NYSE:IOT) CEO Sells $2,950,080.00 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00. Following the completion of the transaction, the chief executive officer now directly owns 1,115,921 shares of the company’s stock, valued at $34,292,252.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The stock was 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 shares were 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 transaction of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total value 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 value 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 transaction of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The shares were sold at an average price of $33.74, for a total transaction of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 shares were sold at an average price of $31.42, for a total transaction of $2,487,364.30.
• On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The stock was sold at an average price of $31.93, for a total value of $2,944,456.88.

Samsara Trading Down 2.8 %

Samsara stock opened at $30.15 on Friday. Samsara Inc. has a 1 year low of $16.63 and a 1 year high of $40.54. The company’s 50-day moving average is $34.74 and its two-hundred day moving average is $31.23. The company has a market cap of $16.60 billion, a PE ratio of -56.89 and a beta of 1.56.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Samsara by 40.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock valued at $22,428,000 after purchasing an additional 254,473 shares during the last quarter. Creative Planning acquired a new stake in shares of Samsara in the 3rd quarter valued at approximately $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Samsara in the 4th quarter valued at approximately $854,000. Principal Financial Group Inc. boosted its stake in Samsara by 608.4% during the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock worth $18,796,000 after acquiring an additional 640,321 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Samsara by 54.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock valued at $2,656,000 after purchasing an additional 37,316 shares during the period. 89.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of recent analyst reports. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Loop Capital initiated coverage on shares of Samsara in a report on Thursday. They set a “buy” rating and a $42.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus price target of $32.60.

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.