Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 84,150 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $38.06, for a total value of $3,202,749.00. Following the completion of the sale, the CEO now directly owns 1,190,149 shares of the company’s stock, valued at approximately $45,297,070.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Sanjit Biswas has also recently made the following transactions:
On Tuesday, July 16th, Sanjit Biswas sold 59,112 shares of Samsara stock. The shares were sold at an average price of $38.05, for a total value of $2,249,211.60. On Tuesday, July 9th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.76, for a total value of $3,336,960.00. On Monday, July 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $34.23, for a total value of $3,286,080.00. On Tuesday, June 25th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $29.49, for a total value of $2,831,040.00. On Tuesday, June 11th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $29.78, for a total value of $2,858,880.00. On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total value of $3,210,240.00. On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $37.81, for a total value of $3,629,760.00. On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total value of $308,187.84. On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total value of $1,444,588.00. On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total proceeds of $3,512,553.84.
Samsara Trading fell 6.4%
IOT shares opened trading at $35.42 on Thursday. Samsara Inc. has a one year low of $21.48 and a one year high of $42.28. The stock’s 50 day simple moving average is $34.74 and its 200 day simple moving average is $34.64.
Samsara (NYSE:IOT – get free report ) announced its quarterly earnings on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Samsara had a return on equity of -21.66% and a net margin of -27.14%. The company had revenue of $280.73 million for the quarter, compared to the consensus estimate of $272.51 million. Equity analysts expect Samsara to post earnings per share of -$0.39 for the year.
Institutional investor inflows and outflows
A number of institutional investors and hedge funds have recently modified their holdings of IOT. Quarry LP purchased a new stake in Samsara worth $37,000 in the fourth quarter. Montag A & Associates Inc. increased its stake in Samsara by 1,200.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares valued at $43,000 after purchasing an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC purchased a new stake in Samsara worth $46,000 in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% in the fourth quarter. Cantonal Bank of Zurich now owns 1,575 shares of the company’s stock valued at $53,000 after purchasing an additional 381 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.
Analyst upgrades and downgrades
IOT has been the topic of numerous research reports. BMO Capital Markets reissued a “market average” rating on shares of Samsara and issued a $40.00 price target in a research note on Tuesday, June 11th. Loop Capital reissued a “buy” rating on shares of Samsara and issued a $42.00 price target in a research note on Friday, June 28th. Royal Bank of Canada reissued an “outperform” rating on shares of Samsara and issued a $47.00 price target in a research note on Wednesday, June 26th. Evercore ISI lowered their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Friday, June 7th. Finally, Piper Sandler reissued a “neutral” rating and issued a $36.00 price target on shares of Samsara in a research note on Friday, June 28. Six research analysts have rated the stock with a hold rating, and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a “moderate buy” consensus rating and a consensus target price of $37.17.
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About Samsara
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Samsara Inc provides solutions in the U.S. and internationally that connect physical operations data to its Connected Operations Cloud, which includes a data platform that ingests, aggregates and enriches data from IoT devices, incorporating AI, workflow and analytics, alerts, API connectivity, and data security and privacy capabilities.
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