Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 35,327 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 35,327 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $40.90, for a total value of $1,444,874.30. Following the completion of the transaction, the insider now directly owns 2,097,135 shares of the company’s stock, valued at $85,772,821.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 23rd, John Bicket sold 7,855 shares of Samsara stock. The stock was sold at an average price of $40.15, for a total transaction of $315,378.25.
• On Tuesday, May 14th, John Bicket sold 87,784 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total value of $3,501,703.76.
• On Tuesday, May 7th, John Bicket sold 71,521 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total value of $2,729,956.57.
• On Tuesday, April 30th, John Bicket sold 91,713 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total transaction of $3,265,899.93.
• On Tuesday, April 9th, John Bicket sold 57,770 shares of Samsara stock. The stock was sold at an average price of $33.48, for a total value of $1,934,139.60.
• On Tuesday, February 27th, John Bicket sold 80,654 shares of Samsara stock. The shares were sold at an average price of $33.73, for a total value of $2,720,459.42.

Samsara Price Performance

Shares of NYSE:IOT opened at $39.66 on Friday. The stock’s 50-day moving average price is $36.27 and its two-hundred day moving average price is $33.53. Samsara Inc. has a 12-month low of $18.24 and a 12-month high of $42.28.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Samsara from a “hold” rating to a “sell” rating in a research note on Friday, May 17th. Loop Capital started coverage on Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Samsara presently has an average rating of “Hold” and an average target price of $32.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IOT. Quarry LP purchased a new position in Samsara in the fourth quarter valued at about $37,000. Fred Alger Management LLC acquired a new stake in shares of Samsara during the third quarter worth approximately $28,000. Montag A & Associates Inc. increased its stake in shares of Samsara by 1,200.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in Samsara in the fourth quarter valued at $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Samsara by 31.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares during the last quarter. 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.