Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 158,427 shares of the company’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $37.73, for a total transaction of $5,977,450.71. Following the completion of the sale, the insider directly owned 51,600 shares in the company, valued at $1,946,868. This trade represents a 75.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total value of $796,908.09.
- On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
- On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08.
- On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total transaction of $3,728,064.45.
- On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,437,760.22.
- On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total value of $2,169,846.63.
- On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total value of $3,364,732.56.
- On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total transaction of $4,583,700.36.
- On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,077,992.24.
- On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,455,791.88.
Samsara Stock Performance
Shares of IOT stock traded up $1.91 during trading hours on Thursday, reaching $40.04. The company had a trading volume of 4,529,759 shares, compared to its average volume of 7,544,066. The stock has a fifty day moving average of $38.94 and a 200-day moving average of $34.54. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 346.64, a PEG ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.
Institutional Trading of Samsara
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new position in Samsara in the second quarter valued at $46,000. Tidal Investments LLC boosted its position in Samsara by 347.6% in the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after buying an additional 56,016 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Samsara during the 2nd quarter worth approximately $671,000. RFG Advisory LLC raised its holdings in Samsara by 1.9% in the second quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock valued at $3,615,000 after acquiring an additional 2,117 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Samsara by 63.1% during the second quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock worth $116,000 after purchasing an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Truist Financial increased their target price on shares of Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.05.
Read Our Latest Analysis on IOT
About Samsara
Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.
The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.
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