Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 96,000 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total value of $3,183,360.00. Following the transaction, the chief executive officer now owns 1,019,921 shares of the company's stock, valued at $33,820,580.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 stock was sold at an average price of $34.69, for a total transaction 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 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 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 transaction of $2,487,364.30.
Samsara Stock Performance
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Samsara stock opened at $34.39 on Friday. The company has a market capitalization of $18.93 billion, a P/E ratio of -64.89 and a beta of 1.56. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The stock has a 50-day simple moving average of $34.68 and a 200-day simple moving average of $31.42.
Samsara (NYSE:IOT - Get Free Report) last issued 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 during 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, analysts forecast that Samsara Inc. will post -0.4 earnings per share for the current year.
Institutional Trading of Samsara
A number of large investors have recently bought and sold shares of IOT. Fred Alger Management LLC purchased a new stake in shares of Samsara in the third quarter valued at about $28,000. Quarry LP acquired a new position in Samsara in the 4th quarter valued at about $37,000. Ulland Investment Advisors LLC raised its stake in Samsara by 67.4% during 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. Montag A & Associates Inc. lifted its position in Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company's stock worth $43,000 after acquiring an additional 1,200 shares during the period. Finally, Tradition Wealth Management LLC acquired a new position in shares of Samsara in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 89.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on IOT. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research note on Tuesday, March 5th. Loop Capital began coverage on Samsara in a research report on Thursday, April 18th. They set a "buy" rating and a $42.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Samsara has an average rating of "Moderate Buy" and a consensus target price of $32.60.
Read Our Latest Report on IOT
About Samsara
(
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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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