Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 59,112 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $38.05, for a total transaction value of $2,249,211.60. Following the completion of the sale, the CEO now owns 1,311,187 shares of the company’s stock, valued at approximately $49,890,665.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link .
Sanjit Biswas has also recently made the following transactions:
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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,512,553.84. On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total value of $2,720,223.22.
Samsara Stock Performance
NYSE:IOT began trading at $35.34 on Friday. The company’s 50 day simple moving average is $35.03 and its 200 day simple moving average is $34.46. Samsara Inc.’s 52 week low is $21.48 and the 52 week high is $42.28.
Samsara (NYSE:IOT – get free report ) announced its quarterly earnings on Thursday, June 6th. The company announced quarterly earnings per share (EPS) of ($0.10), beating the consensus estimate of ($0.12) by $0.02. The company’s revenue for the quarter was $280.73 million, beating analyst estimates of $272.51 million. Samsara had a net margin of -27.14% and a return on equity of -21.66%. On average, sell-side analysts expect Samsara to post earnings per share of -$0.39 for the current fiscal year.
Institutional investor inflows and outflows
Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management SA bought a new stake in Samsara in the second quarter valued at approximately $293,000. Swedbank AB bought a new stake in Samsara in the second quarter valued at approximately $105,000. Baader Bank Aktiengesellschaft bought a new stake in Samsara in the second quarter valued at approximately $506,000. Wealth Enhancement Advisory Services LLC increased its stake in Samsara by 165.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,848 shares of the company’s stock valued at $534,000 after purchasing an additional 9,875 shares in the last quarter. Finally, RFG Advisory LLC increased its holdings in Samsara by 41.5% during the second quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock, valued at $421,000, after purchasing an additional 3,662 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of research firms have commented on IOT recently. Piper Sandler reaffirmed their “neutral” rating on shares of Samsara and set a $36.00 price target in a research note on Friday, June 28th. Wolfe Research reaffirmed their “outperform” rating on shares of Samsara and set a $44.00 price target in a research note on Friday, June 28th. Loop Capital reaffirmed their “buy” rating on shares of Samsara and set a $42.00 price target in a report on Friday, June 28th. 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 report on Friday, June 7th. Finally, StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Saturday, May 25th. Six equities research analysts have rated the stock with a “hold” rating, and seven have given it a “buy” rating. According to MarketBeat data, Samsara currently has a consensus rating of a “moderate buy” with a consensus target price of $37.17.
Read the latest stock report on IOT
About Samsara
(Get your free report)
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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