Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 20,523 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $38.83, for a total transaction of $796,908.09. Following the transaction, the insider owned 977,398 shares in the company, valued at approximately $37,952,364.34. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, 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 Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were sold at an average price of $37.73, for a total transaction of $5,977,450.71.
- On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was 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 stock was sold at an average price of $39.93, for a total value of $3,728,064.45.
- On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value 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 value 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 transaction of $7,455,791.88.
Samsara Stock Up 5.0%
NYSE IOT traded up $1.91 during trading hours on Thursday, reaching $40.04. 4,529,759 shares of the company were exchanged, compared to its average volume of 7,544,066. The stock has a market capitalization of $23.45 billion, a P/E ratio of 346.64, a P/E/G ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The business’s 50 day simple moving average is $38.94 and its 200-day simple moving average is $34.54.
Analyst Upgrades and Downgrades
IOT has been the subject of several research reports. Evercore reissued an “outperform” rating and set a $55.00 price objective on shares of Samsara in a report on Friday, September 4th. Cantor Fitzgerald assumed coverage on Samsara in a research note on Monday, September 14th. They issued an “overweight” rating and a $45.00 target price on the stock. TD Cowen upped their price target on Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 4th. BNP Paribas Exane increased their price target on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Finally, Bank of America lifted their price objective on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.05.
Check Out Our Latest Stock Analysis on Samsara
Hedge Funds Weigh In On Samsara
Several hedge funds have recently bought and sold shares of the company. Cim LLC grew its position in shares of Samsara by 1.3% during the 1st quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after purchasing an additional 455 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Samsara by 1.4% in the first quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock worth $1,269,000 after purchasing an additional 534 shares during the period. Moran Wealth Management LLC raised its position in shares of Samsara by 7.3% in the first quarter. Moran Wealth Management LLC now owns 8,291 shares of the company’s stock worth $263,000 after buying an additional 562 shares in the last quarter. TrueMark Investments LLC raised its position in shares of Samsara by 1.4% in the first quarter. TrueMark Investments LLC now owns 44,724 shares of the company’s stock worth $1,417,000 after buying an additional 630 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after buying an additional 656 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.
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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