Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 54,148 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 54,148 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $47.33, for a total value of $2,562,824.84. Following the completion of the sale, the insider now owns 90,000 shares of the company’s stock, valued at $4,259,700. The trade was a 37.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

John Bicket also recently made the following trade(s):

• On Thursday, May 22nd, John Bicket sold 52,573 shares of Samsara stock. The shares were sold at an average price of $46.25, for a total value of $2,431,501.25.
• On Wednesday, May 21st, John Bicket sold 63,279 shares of Samsara stock. The shares were sold at an average price of $46.54, for a total value of $2,945,004.66.

Samsara Trading Up 1.1%

Shares of IOT opened at $46.14 on Friday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The stock has a fifty day moving average price of $40.22 and a 200-day moving average price of $45.79. The firm has a market cap of $26.27 billion, a PE ratio of -98.17 and a beta of 1.70.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Samsara during the 4th quarter valued at $431,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Samsara by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock valued at $82,004,000 after purchasing an additional 47,911 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Samsara by 101.4% during the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company’s stock valued at $5,644,000 after purchasing an additional 65,028 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Samsara by 30.4% during the 4th quarter. Renaissance Technologies LLC now owns 764,300 shares of the company’s stock valued at $33,392,000 after purchasing an additional 178,102 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after purchasing an additional 863,197 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley lowered their price target on Samsara from $56.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Royal Bank of Canada lowered their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Craig Hallum reissued a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Berenberg Bank initiated coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.47.

Samsara Company Profile

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.