Insider Selling: Samsara Inc. (NYSE:IOT) CEO Sells 35,320 Shares of Stock

Samsara Inc. (NYSE:IOTGet Free Report) CEO Sanjit Biswas sold 35,320 shares of Samsara stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $40.90, for a total transaction of $1,444,588.00. Following the sale, the chief executive officer now owns 1,645,392 shares of the company’s stock, valued at $67,296,532.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total value of $308,187.84.
  • On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total transaction of $3,512,553.84.
  • On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The stock was sold at an average price of $38.17, for a total transaction of $2,720,223.22.
  • On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $3,274,481.94.
  • On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00.
  • On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00.
  • 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 value of $1,933,436.52.
  • On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 value 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 transaction of $3,059,221.32.

Samsara Stock Down 2.4 %

Samsara stock traded down $0.98 during trading on Thursday, hitting $39.48. The company had a trading volume of 2,378,672 shares, compared to its average volume of 3,464,319. The company’s 50 day simple moving average is $36.21 and its 200-day simple moving average is $33.49. Samsara Inc. has a 1-year low of $18.24 and a 1-year high of $42.28.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IOT. StockNews.com cut Samsara from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Loop Capital initiated coverage on Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.60.

Read Our Latest Stock Report on Samsara

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Charles Schwab Investment Management Inc. raised its holdings in shares of Samsara by 40.1% in the 3rd 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 in the last quarter. Creative Planning purchased a new stake in Samsara during the 3rd quarter worth about $5,878,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Samsara during the 4th quarter worth about $854,000. Principal Financial Group Inc. increased its holdings in shares of Samsara by 608.4% in the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after acquiring an additional 640,321 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Samsara by 54.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock worth $2,656,000 after acquiring an additional 37,316 shares in the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

About Samsara

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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