Sanjit Biswas Sells 7,674 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOTGet Free Report) CEO Sanjit Biswas sold 7,674 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $40.16, for a total transaction of $308,187.84. Following the transaction, the chief executive officer now directly owns 1,584,712 shares of the company’s stock, valued at $63,642,033.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The stock was sold at an average price of $40.90, for a total transaction of $1,444,588.00.
  • On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The stock was 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 transaction of $3,274,481.94.
  • On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 stock was 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 transaction of $1,933,436.52.
  • On Tuesday, April 2nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 shares were sold at an average price of $39.26, for a total transaction 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 %

Shares of IOT stock traded down $0.98 during trading hours on Thursday, reaching $39.48. 2,378,672 shares of the stock traded hands, compared to its average volume of 3,464,319. Samsara Inc. has a 1-year low of $18.24 and a 1-year high of $42.28. The business has a fifty day moving average price of $36.27 and a 200 day moving average price of $33.53. The firm has a market capitalization of $21.73 billion, a PE ratio of -74.49 and a beta of 1.58.

Samsara (NYSE:IOTGet Free Report) last released 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 firm 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%. Research analysts expect that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on IOT shares. Loop Capital started coverage on shares of Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 target price for the company. StockNews.com lowered shares of Samsara from a “hold” rating to a “sell” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Samsara has a consensus rating of “Hold” and an average target price of $32.60.

View Our Latest Analysis on IOT

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Samsara in the 4th quarter valued at approximately $37,000. Fred Alger Management LLC acquired a new position in Samsara in the 3rd quarter valued at approximately $28,000. Montag A & Associates Inc. increased its stake in Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after buying an additional 1,200 shares during the period. Tradition Wealth Management LLC acquired a new position in Samsara in the 4th quarter valued at approximately $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after buying an additional 381 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

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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