Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 42,942 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 42,942 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.55, for a total value of $2,084,834.10. Following the completion of the sale, the insider now directly owns 720,678 shares of the company’s stock, valued at $34,988,916.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, October 8th, John Bicket sold 54,504 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total value of $2,605,291.20.
• On Tuesday, September 3rd, John Bicket sold 93,212 shares of Samsara stock. The shares were sold at an average price of $39.92, for a total transaction of $3,721,023.04.
• On Tuesday, August 27th, John Bicket sold 83,583 shares of Samsara stock. The stock was sold at an average price of $41.94, for a total transaction of $3,505,471.02.
• On Tuesday, August 20th, John Bicket sold 78,128 shares of Samsara stock. The shares were sold at an average price of $40.51, for a total transaction of $3,164,965.28.
• On Tuesday, August 6th, John Bicket sold 81,486 shares of Samsara stock. The stock was sold at an average price of $37.04, for a total value of $3,018,241.44.

Samsara Price Performance

NYSE IOT opened at $47.79 on Friday. Samsara Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $51.53. The business has a fifty day moving average of $46.53 and a 200-day moving average of $39.49.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Sell-side analysts forecast that Samsara Inc. will post -0.34 EPS for the current year.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Samsara by 41.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 150,775 shares of the company’s stock worth $7,255,000 after purchasing an additional 44,246 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Samsara in the third quarter valued at $289,000. Farther Finance Advisors LLC lifted its position in Samsara by 77.5% during the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $91,000 after buying an additional 821 shares during the period. AustralianSuper Pty Ltd boosted its stake in Samsara by 97.5% in the 3rd quarter. AustralianSuper Pty Ltd now owns 27,533 shares of the company’s stock worth $1,325,000 after buying an additional 13,590 shares during the last quarter. Finally, Avitas Wealth Management LLC purchased a new stake in Samsara in the 3rd quarter valued at about $245,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the subject of several research analyst reports. Piper Sandler increased their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Truist Financial raised their price objective on shares of Samsara from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Wells Fargo & Company upped their target price on shares of Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Loop Capital lifted their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, BNP Paribas began coverage on Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.20.

About Samsara

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.