Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 119,554 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $38.34, for a total transaction of $4,583,700.36. Following the completion of the transaction, the insider owned 72,800 shares of the company’s stock, valued at $2,791,152. This trade represents a 62.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Bicket also recently made the following trade(s):
- 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 transaction 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 transaction of $3,364,732.56.
- On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The shares were 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 stock was sold at an average price of $36.81, for a total value of $7,455,791.88.
- On Wednesday, July 8th, John Bicket sold 17,975 shares of Samsara stock. The stock was sold at an average price of $35.11, for a total value of $631,102.25.
- On Tuesday, July 7th, John Bicket sold 245,925 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,042,662.25.
- On Thursday, May 28th, John Bicket sold 30,345 shares of Samsara stock. The shares were sold at an average price of $31.20, for a total value of $946,764.00.
- 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 shares were sold at an average price of $27.47, for a total value of $2,628,137.31.
Samsara Stock Down 1.3%
Shares of Samsara stock traded down $0.52 on Thursday, hitting $38.21. 3,623,667 shares of the company’s stock traded hands, compared to its average volume of 7,039,216. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The stock has a market cap of $22.26 billion, a P/E ratio of 382.12, a PEG ratio of 8.67 and a beta of 1.34. The firm’s 50-day moving average is $34.87 and its 200 day moving average is $31.59.
Hedge Funds Weigh In On Samsara
A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Baillie Gifford & Co. grew its position in shares of Samsara by 15.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after acquiring an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares during the last quarter. Norges Bank acquired a new position in Samsara during the 4th quarter valued at about $127,415,000. Vanguard Group Inc. boosted its stake in Samsara by 11.5% during the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares during the period. Finally, Brown Advisory Inc. grew its position in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Wells Fargo & Company boosted their price target on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Guggenheim started coverage on Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 price target on the stock. Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price objective (up from $39.00) on shares of Samsara in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.
Check Out Our Latest Analysis on Samsara
Samsara Company Profile
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.
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