John Bicket Sells 75,600 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 75,600 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the transaction, the insider now owns 400,020 shares of the company’s stock, valued at $22,357,117.80. This trade represents a 15.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The stock was sold at an average price of $47.48, for a total value of $3,045,224.76.
• On Tuesday, October 29th, John Bicket sold 42,942 shares of Samsara stock. The shares were sold at an average price of $48.55, for a total value of $2,084,834.10.
• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total value of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.

Samsara Trading Down 0.2 %

NYSE:IOT opened at $55.38 on Wednesday. Samsara Inc. has a 12 month low of $26.13 and a 12 month high of $57.51. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of -115.36 and a beta of 1.52. The firm has a fifty day simple moving average of $49.58 and a two-hundred day simple moving average of $41.67.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. During the same period last year, the business posted ($0.11) EPS. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. Equities analysts predict that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on IOT. Truist Financial boosted their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TD Cowen increased their price target on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Piper Sandler lifted their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.67.

Hedge Funds Weigh In On Samsara

Institutional investors have recently modified their holdings of the company. UniSuper Management Pty Ltd bought a new stake in Samsara during the 1st quarter valued at $94,000. Advisors Asset Management Inc. raised its holdings in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after acquiring an additional 280 shares during the last quarter. Toronto Dominion Bank bought a new position in Samsara in the 1st quarter valued at about $620,000. Public Employees Retirement Association of Colorado acquired a new position in Samsara during the 1st quarter valued at about $749,000. Finally, California State Teachers Retirement System bought a new stake in Samsara during the 1st quarter worth approximately $8,009,000. 89.39% of the stock is owned by institutional investors and hedge funds.

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.