CEO of Samsara Inc. (NYSE:IOT) Sanjit Biswas sell 78,295 shares

Samsara Inc. (NYSE:IOT – Get Your Free Report ) CEO Sanjit Biswas sold 78,295 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.50, for a total value of $3,170,947.50. Following the transaction, the chief executive officer now owns 908,004 shares of the company’s stock, valued at $36,774,162. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sanjit Biswas also recently made the following trades:

• On Tuesday, August 6th, Sanjit Biswas sold 81,515 shares of Samsara stock. The shares were sold at an average price of $37.04, for a total transaction of $3,019,315.60.
• On Tuesday, July 30th, Sanjit Biswas sold 65,605 shares of Samsara stock. The shares were sold at an average price of $36.82, for a total transaction of $2,415,576.10.
• On Tuesday, July 23rd, Sanjit Biswas sold 84,150 shares of Samsara stock. The shares were sold at an average price of $38.06, for a total transaction of $3,202,749.00.
• On Tuesday, July 16th, Sanjit Biswas sold 59,112 shares of Samsara stock. The shares were sold at an average price of $38.05, for a total value of $2,249,211.60.
• On Tuesday, July 9th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $34.76, for a total value of $3,336,960.00.
• On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.23, for a total value of $3,286,080.00.
• On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $29.49, for a total value of $2,831,040.00.
• On Tuesday, June 11th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $29.78, for a total transaction of $2,858,880.00.
• On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total transaction of $3,210,240.00.
• On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $37.81, for a total transaction of $3,629,760.00.

Samsara Trading Down 1.0%

Shares of NYSE:IOT opened at $40.87 on Friday. The stock has a 50-day moving average of $35.75 and a 200-day moving average of $35.48. The company has a market cap of $22.51 billion, a PE ratio of -81.73 and a beta of 1.49. Samsara Inc. has a 12-month low of $21.48 and a 12-month high of $42.28.

Samsara (NYSE:IOT – Get Free Report ) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. Equities research analysts predict that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst upgrades and downgrades

Several research firms recently weighed in on IOT. StockNews.com lowered Samsara from a “hold” rating to a “sell” rating in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $44.00 target price on shares of Samsara in a report on Friday, June 28th. Evercore ISI cut their price target on Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Friday, June 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 price objective on shares of Samsara in a research note on Tuesday, June 11th. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 price objective on shares of Samsara in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.17, based on data from MarketBeat.

Get the latest stock analysis on IOT

Institutional inputs and outputs

Several hedge funds have recently bought and sold shares of the company. Resources Management Corp CT ADV boosted its holdings in Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares in the last quarter. Quarry LP acquired a new position in shares of Samsara in the fourth quarter valued at $37,000. National Bank of Canada FI bought a new position in shares of Samsara in the second quarter valued at $38,000. Montag A & Associates Inc. raised its stake in Samsara by 1,200.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new stake in Samsara in the second quarter valued at $45,000. Institutional investors own 89.39% of the company’s shares.

Samsara Company Profile

(Get a free report)

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 the Data Platform, which ingests, aggregates and enriches data from its IoT devices and has built-in capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

Further reading

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