Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 96,000 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $33.16, for a total transaction of $3,183,360.00. Following the completion of the transaction, the chief executive officer now owns 1,019,921 shares in the company, valued at $33,820,580.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 value of $3,768,960.00.
• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The stock was sold at an average price of $36.36, for a total value of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total transaction of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.20, for a total transaction of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The stock was sold at an average price of $33.74, for a total transaction of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $32.92, for a total transaction of $3,160,320.00.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30.

Samsara Trading Up 4.7 %

Shares of NYSE IOT opened at $35.99 on Friday. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54. The firm has a market capitalization of $19.81 billion, a PE ratio of -67.91 and a beta of 1.56. The firm has a fifty day simple moving average of $34.71 and a two-hundred day simple moving average of $31.50.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. On average, sell-side analysts predict that Samsara Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on IOT shares. StockNews.com raised 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 report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and an average target price of $32.60.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently modified their holdings of the business. SlateStone Wealth LLC raised its stake in shares of Samsara by 55.6% in the first quarter. SlateStone Wealth LLC now owns 42,000 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,000 shares during the last quarter. Ulland Investment Advisors LLC increased its holdings in Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after buying an additional 500 shares in the last quarter. Triumph Capital Management raised its position in Samsara by 25.0% in the 1st quarter. Triumph Capital Management now owns 25,000 shares of the company’s stock worth $900,000 after buying an additional 5,000 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Samsara during the 1st quarter valued at about $778,000. Finally, Dakota Wealth Management lifted its stake in Samsara by 61.0% during the 1st quarter. Dakota Wealth Management now owns 68,260 shares of the company’s stock valued at $2,580,000 after acquiring an additional 25,863 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.