Sanjit Biswas Sells 91,954 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 91,954 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $35.61, for a total value of $3,274,481.94. Following the transaction, the chief executive officer now owns 1,780,758 shares of the company’s stock, valued at approximately $63,412,792.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value 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 value 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 value 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 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 stock was sold at an average price of $38.70, for a total value of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.20, for a total value 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 value of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.92, for a total value of $3,160,320.00.

Samsara Stock Up 4.5 %

Shares of NYSE IOT traded up $1.57 during trading hours on Thursday, reaching $36.82. 3,477,664 shares of the stock traded hands, compared to its average volume of 3,642,427. The company has a market capitalization of $20.27 billion, a P/E ratio of -69.47 and a beta of 1.58. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54. The company’s 50-day simple moving average is $34.85 and its two-hundred day simple moving average is $31.77.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The company had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. As a group, sell-side analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on IOT shares. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Loop Capital started coverage on Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Hedge Funds Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Baillie Gifford & Co. increased its stake in Samsara by 3.7% in the 1st quarter. Baillie Gifford & Co. now owns 23,225,238 shares of the company’s stock worth $877,682,000 after purchasing an additional 827,848 shares during the period. Vanguard Group Inc. increased its stake in Samsara by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after purchasing an additional 917,389 shares during the period. FMR LLC increased its stake in Samsara by 11.8% in the 3rd quarter. FMR LLC now owns 6,959,343 shares of the company’s stock worth $175,445,000 after purchasing an additional 731,963 shares during the period. Invesco Ltd. increased its stake in Samsara by 8.8% in the 3rd quarter. Invesco Ltd. now owns 4,534,801 shares of the company’s stock worth $114,322,000 after purchasing an additional 366,218 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in Samsara by 23.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,985,589 shares of the company’s stock worth $66,279,000 after purchasing an additional 372,073 shares during the period. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.