Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 57,749 shares of the firm's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $33.48, for a total value of $1,933,436.52. Following the transaction, the chief executive officer now directly owns 1,250,172 shares in the company, valued at approximately $41,855,758.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sanjit Biswas also recently made the following trade(s):
- 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 shares were 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 shares were sold at an average price of $32.92, for a total value of $3,160,320.00.
- On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The shares were sold at an average price of $31.42, for a total value of $2,487,364.30.
- On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The shares were sold at an average price of $31.93, for a total value of $2,944,456.88.
- On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $32.50, for a total value of $3,120,000.00.
Samsara Trading Up 0.1 %
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IOT stock opened at $32.40 on Friday. The firm has a 50 day moving average of $34.99 and a 200-day moving average of $30.92. Samsara Inc. has a 12-month low of $16.63 and a 12-month high of $40.54.
Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. Sell-side analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Samsara from a "sell" rating to a "hold" rating in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $31.56.
View Our Latest Research Report on IOT
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of IOT. Quarry LP acquired a new position in Samsara in the 4th quarter valued at $37,000. Fred Alger Management LLC acquired a new position in Samsara in the 3rd quarter valued at $28,000. Montag A & Associates Inc. raised its holdings in Samsara by 1,200.0% in the 4th 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 during the last quarter. Tradition Wealth Management LLC acquired a new position in Samsara in the 4th quarter valued at $46,000. Finally, Ulland Investment Advisors LLC raised its holdings in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company's stock valued at $38,000 after acquiring an additional 600 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.
Samsara Company Profile
(
Get Free Report)
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.
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