Samsara Inc. (NYSE:IOT – Get Rating) CEO Sanjit Biswas sold 17,336 shares of the stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $12.38, for a total transaction of $214,619.68. Following the completion of the sale, the chief executive officer now directly owns 91,438 shares in the company, valued at $1,132,002.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sanjit Biswas also recently made the following trade(s):
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- On Tuesday, January 17th, Sanjit Biswas sold 48,923 shares of Samsara stock. The shares were sold at an average price of $12.35, for a total transaction of $604,199.05.
- On Thursday, January 12th, Sanjit Biswas sold 23,095 shares of Samsara stock. The shares were sold at an average price of $11.42, for a total transaction of $263,744.90.
- On Tuesday, January 10th, Sanjit Biswas sold 23,866 shares of Samsara stock. The shares were sold at an average price of $11.45, for a total transaction of $273,265.70.
Samsara Stock Performance
IOT stock opened at $12.51 on Friday. The company has a market capitalization of $6.49 billion and a PE ratio of -11.80. Samsara Inc. has a one year low of $8.42 and a one year high of $25.42. The company's 50 day moving average price is $11.52 and its two-hundred day moving average price is $12.68.
Samsara (NYSE:IOT – Get Rating) last issued its earnings results on Thursday, December 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. Samsara had a negative net
margin of 75.47% and a negative return on equity of 21.98%. The firm had revenue of $169.80 million for the quarter, compared to analysts' expectations of $155.64 million. On average, research analysts predict that Samsara Inc. will post -0.51 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on IOT. Morgan Stanley lowered their target price on shares of Samsara from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 22nd. Royal Bank of Canada lowered their target price on shares of Samsara from $19.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, November 28th. StockNews.com started coverage on shares of Samsara in a research note on Wednesday, October 12th. They issued a "sell" rating on the stock. Finally, Evercore ISI decreased their price target on shares of Samsara to $15.00 in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.38.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in shares of Samsara by 14.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 114,675 shares of the company's stock worth $1,425,000 after purchasing an additional 14,798 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Samsara in the fourth quarter worth approximately $516,000. Exchange Traded Concepts LLC grew its holdings in shares of Samsara by 4,795.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,237,033 shares of the company's stock worth $15,376,000 after purchasing an additional 1,211,763 shares during the last quarter. Spinnaker Investment Group LLC bought a new position in shares of Samsara in the fourth quarter worth approximately $125,000. Finally, California State Teachers Retirement System grew its holdings in shares of Samsara by 14.4% in the third quarter. California State Teachers Retirement System now owns 62,812 shares of the company's stock worth $758,000 after purchasing an additional 7,911 shares during the last quarter. Institutional investors own 43.05% of the company's stock.
Samsara Company Profile
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Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.
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