Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 91,713 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 91,713 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $35.61, for a total transaction of $3,265,899.93. Following the completion of the transaction, the insider now directly owns 2,232,749 shares of the company’s stock, valued at $79,508,191.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The stock was sold at an average price of $33.48, for a total transaction of $1,934,139.60.
• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The stock was sold at an average price of $33.73, for a total transaction of $2,720,459.42.
• On Tuesday, February 6th, John Bicket sold 79,236 shares of Samsara stock. The stock was sold at an average price of $31.43, for a total transaction of $2,490,387.48.

Samsara Stock Performance

NYSE:IOT traded up $1.57 during trading hours on Thursday, hitting $36.82. The stock had a trading volume of 3,477,664 shares, compared to its average volume of 3,642,427. The company has a market cap of $20.27 billion, a price-to-earnings ratio of -69.47 and a beta of 1.58. The business’s 50 day moving average is $34.85 and its 200-day moving average is $31.77. Samsara Inc. has a one year low of $16.63 and a one year high of $40.54.

Samsara (NYSE:IOT) last issued 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). The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. On average, sell-side analysts anticipate that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Large investors have recently modified their holdings of the stock. Fred Alger Management LLC bought a new position in Samsara during the third quarter worth about $28,000. Quarry LP bought a new position in Samsara during the fourth quarter worth about $37,000. Montag A & Associates Inc. increased its position in Samsara by 1,200.0% during the fourth 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 period. Tradition Wealth Management LLC bought a new position in Samsara during the fourth quarter worth about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after acquiring an additional 381 shares during the period. 89.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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