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Samsara Inc. (NYSE:IOT) CEO Sells $204,776.70 in Stock

kopsource · Feb 2, 2023 19:11

Samsara Inc. (NYSE:IOT – Get Rating) CEO Sanjit Biswas sold 15,035 shares of the firm's stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $13.62, for a total transaction of $204,776.70. Following the completion of the transaction, the chief executive officer now directly owns 91,438 shares of the company's stock, valued at $1,245,385.56. The transaction was disclosed in a document filed 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 Thursday, February 2nd, Sanjit Biswas sold 26,418 shares of Samsara stock. The shares were sold at an average price of $14.89, for a total transaction of $393,364.02.
On Thursday, January 26th, Sanjit Biswas sold 16,754 shares of Samsara stock. The stock was sold at an average price of $13.25, for a total transaction of $221,990.50.
On Tuesday, January 24th, Sanjit Biswas sold 40,633 shares of Samsara stock. The shares were sold at an average price of $13.32, for a total transaction of $541,231.56.
On Thursday, January 19th, Sanjit Biswas sold 17,336 shares of Samsara stock. The stock was sold at an average price of $12.38, for a total value of $214,619.68.
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 value 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 value of $263,744.90.
On Tuesday, January 10th, Sanjit Biswas sold 23,866 shares of Samsara stock. The stock was sold at an average price of $11.45, for a total transaction of $273,265.70.

Samsara Price Performance

NYSE:IOT traded up $0.45 during trading hours on Thursday, reaching $14.85. 1,889,625 shares of the company were exchanged, compared to its average volume of 1,017,565. The business has a 50 day moving average of $12.12 and a 200 day moving average of $12.65. Samsara Inc. has a 1-year low of $8.42 and a 1-year high of $25.42. The company has a market capitalization of $7.71 billion, a P/E ratio of -14.01 and a beta of 0.99.

Samsara (NYSE:IOT – Get Rating) last announced its quarterly earnings data on Thursday, December 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $169.80 million for the quarter, compared to analysts' expectations of $155.64 million. As a group, equities research analysts anticipate that Samsara Inc. will post -0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IOT shares. Evercore ISI cut their target price on shares of Samsara to $15.00 in a research note on Friday, December 2nd. Royal Bank of Canada reduced their price objective on Samsara from $19.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, November 28th. StockNews.com assumed coverage on Samsara in a research note on Wednesday, October 12th. They set a "sell" rating on the stock. Finally, Morgan Stanley dropped their price target on Samsara from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.38.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Samsara by 84.4% in the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company's stock valued at $92,175,000 after buying an additional 3,495,366 shares in the last quarter. PointState Capital LP lifted its holdings in shares of Samsara by 18.1% in the third quarter. PointState Capital LP now owns 5,279,098 shares of the company's stock worth $63,719,000 after acquiring an additional 809,646 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Samsara by 5.1% in the 3rd quarter. Alliancebernstein L.P. now owns 4,951,544 shares of the company's stock valued at $59,765,000 after purchasing an additional 239,226 shares in the last quarter. Abdiel Capital Advisors LP grew its holdings in shares of Samsara by 1.7% during the 3rd quarter. Abdiel Capital Advisors LP now owns 3,326,902 shares of the company's stock valued at $40,156,000 after purchasing an additional 54,151 shares during the last quarter. Finally, BlackRock Inc. increased its position in Samsara by 1.8% during the 3rd quarter. BlackRock Inc. now owns 3,229,446 shares of the company's stock worth $38,978,000 after purchasing an additional 57,217 shares in the last quarter. Institutional investors and hedge funds own 43.05% of the company's stock.

About Samsara

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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.

Samsara Inc. (NYSE:IOT) CEO Sells $204,776.70 in Stock

Samsara Price Performance

Wall Street Analyst Weigh In

Hedge Funds Weigh In On Samsara

About Samsara

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