Key Points
- Insider John Bicket sold 145,838 shares of Samsara on Dec. 2 at an average price of $37.85 for about $5.52 million, leaving him with 12,000 shares — a 92.40% reduction in his stake.
- This transaction is part of a string of large insider sales since September (multiple blocks of 100k–170k shares) executed mostly in the ~$36–$39 per share range, signaling sustained insider selling activity.
- For context, Samsara trades around $39 with a market cap near $22.5B, negative P/E, ~30% YoY revenue growth, ~96% institutional ownership, and a MarketBeat consensus rating of Hold with a $49.55 target.
Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 14,152 shares of the business's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $38.10, for a total value of $539,191.20. Following the transaction, the insider directly owned 44,952 shares of the company's stock, valued at $1,712,671.20. This trade represents a 23.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, December 2nd, Sanjit Biswas sold 145,848 shares of Samsara stock. The shares were sold at an average price of $37.85, for a total value of $5,520,346.80.
- On Wednesday, November 19th, Sanjit Biswas sold 36,664 shares of Samsara stock. The shares were sold at an average price of $36.13, for a total value of $1,324,670.32.
- On Tuesday, November 18th, Sanjit Biswas sold 123,336 shares of Samsara stock. The stock was sold at an average price of $36.50, for a total value of $4,501,764.00.
- On Wednesday, November 5th, Sanjit Biswas sold 10,937 shares of Samsara stock. The shares were sold at an average price of $38.38, for a total transaction of $419,762.06.
- On Tuesday, November 4th, Sanjit Biswas sold 149,063 shares of Samsara stock. The stock was sold at an average price of $38.94, for a total transaction of $5,804,513.22.
- On Tuesday, October 21st, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $38.63, for a total value of $6,180,800.00.
- On Tuesday, October 7th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00.
- On Wednesday, September 24th, Sanjit Biswas sold 26,590 shares of Samsara stock. The shares were sold at an average price of $37.60, for a total value of $999,784.00.
- On Tuesday, September 23rd, Sanjit Biswas sold 133,410 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total value of $5,198,987.70.
Samsara Stock Performance
Samsara stock opened at $39.15 on Thursday. The firm has a market cap of $22.46 billion, a price-to-earnings ratio of -244.68 and a beta of 1.61. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The firm has a 50 day moving average price of $38.27 and a two-hundred day moving average price of $38.82.
Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, equities research analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Samsara in the fourth quarter valued at $13,464,000. Avantax Advisory Services Inc. bought a new stake in Samsara during the 1st quarter valued at $357,000. Cetera Investment Advisers boosted its holdings in shares of Samsara by 14.6% during the first quarter. Cetera Investment Advisers now owns 32,121 shares of the company's stock worth $1,231,000 after purchasing an additional 4,103 shares during the period. Natixis Advisors LLC bought a new stake in shares of Samsara in the 1st quarter worth approximately $715,000. Finally, US Bancorp DE increased its position in Samsara by 294.3% during the 1st quarter. US Bancorp DE now owns 20,832 shares of the company's stock valued at $798,000 after purchasing an additional 15,549 shares during the period. Institutional investors own 96.02% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on IOT shares. Craig Hallum raised shares of Samsara from a "hold" rating to a "buy" rating and increased their price objective for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Piper Sandler reaffirmed an "overweight" rating and issued a $48.00 target price on shares of Samsara in a report on Friday, November 14th. Royal Bank Of Canada increased their price target on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Samsara has a consensus rating of "Hold" and a consensus price target of $49.55.
Get Our Latest Stock 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.
Further Reading
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