Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 30,345 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $31.20, for a total value of $946,764.00. Following the completion of the transaction, the insider owned 153,828 shares in the company, valued at $4,799,433.60. The trade was a 16.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Bicket also recently made the following trade(s):
- On Wednesday, May 27th, John Bicket sold 129,021 shares of Samsara stock. The stock was sold at an average price of $30.02, for a total value of $3,873,210.42.
- On Tuesday, May 26th, John Bicket sold 104,534 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total value of $3,251,007.40.
- On Wednesday, May 13th, John Bicket sold 95,673 shares of Samsara stock. The stock was sold at an average price of $27.47, for a total value of $2,628,137.31.
- On Tuesday, May 12th, John Bicket sold 168,227 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total value of $4,807,927.66.
- On Thursday, April 30th, John Bicket sold 72,816 shares of Samsara stock. The stock was sold at an average price of $28.49, for a total value of $2,074,527.84.
- On Wednesday, April 29th, John Bicket sold 87,227 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total value of $2,533,944.35.
- On Tuesday, April 28th, John Bicket sold 103,857 shares of Samsara stock. The stock was sold at an average price of $29.50, for a total value of $3,063,781.50.
- On Wednesday, April 15th, John Bicket sold 96,690 shares of Samsara stock. The stock was sold at an average price of $27.98, for a total value of $2,705,386.20.
- On Tuesday, April 14th, John Bicket sold 167,210 shares of Samsara stock. The stock was sold at an average price of $26.60, for a total value of $4,447,786.00.
- On Thursday, April 2nd, John Bicket sold 10,009 shares of Samsara stock. The stock was sold at an average price of $30.96, for a total value of $309,878.64.
Samsara Price Performance
Shares of NYSE:IOT traded up $2.15 during midday trading on Thursday, reaching $31.62. 5,038,315 shares of the company’s stock were exchanged, compared to its average volume of 7,313,529. The firm’s 50 day simple moving average is $30.29 and its two-hundred day simple moving average is $32.58. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of -1,580.31, a P/E/G ratio of 9.27 and a beta of 1.29. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.40.
Institutional Investors Weigh In On Samsara
Several institutional investors have recently added to or reduced their stakes in IOT. Brighton Jones LLC purchased a new stake in Samsara during the fourth quarter worth approximately $13,464,000. Royal Bank of Canada lifted its stake in Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC lifted its stake in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after buying an additional 40,450 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Wall Street Analyst Weigh In
IOT has been the subject of several research reports. Evercore reaffirmed an “outperform” rating on shares of Samsara in a research report on Friday, March 6th. Royal Bank Of Canada lifted their target price on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on Samsara in a research report on Monday, March 2nd. UBS Group reissued a “buy” rating and set a $48.00 price objective on shares of Samsara in a research report on Friday, March 6th. Finally, TD Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.
View Our Latest Stock Report on Samsara
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
Featured Stories
- Five stocks we like better than Samsara
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.
