John Bicket Sells 63,279 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 63,279 shares of Samsara stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $46.54, for a total transaction of $2,945,004.66. Following the sale, the insider now directly owns 220,318 shares of the company’s stock, valued at $10,253,599.72. This trade represents a 22.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $2,431,501.25.
• On Tuesday, May 20th, John Bicket sold 54,148 shares of Samsara stock. The shares were sold at an average price of $47.33, for a total transaction of $2,562,824.84.

Samsara Price Performance

Shares of IOT opened at $45.67 on Friday. The company has a market capitalization of $26.00 billion, a PE ratio of -97.17 and a beta of 1.70. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The company’s fifty day moving average price is $40.37 and its 200 day moving average price is $45.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Truist Financial decreased their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, March 7th. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Monday, March 10th. Cowen restated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Finally, Morgan Stanley cut their price target on shares of Samsara from $56.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.47.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IOT. Jennison Associates LLC raised its holdings in Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock worth $450,881,000 after acquiring an additional 11,169,571 shares during the period. FMR LLC raised its holdings in Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after acquiring an additional 2,852,575 shares during the period. Jordan Park Trust Co LLC bought a new position in Samsara in the 4th quarter worth $112,041,000. Vanguard Group Inc. raised its holdings in Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock worth $900,581,000 after acquiring an additional 2,516,882 shares during the period. Finally, Norges Bank bought a new position in Samsara in the 4th quarter worth $106,274,000. Institutional investors own 96.02% of the company’s stock.

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.