Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 87,079 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $38.64, for a total value of $3,364,732.56. Following the transaction, the insider owned 316,400 shares of the company’s stock, valued at $12,225,696. This represents a 21.58% decrease in their position. The transaction was disclosed in a document filed 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, 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 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 shares were sold at an average price of $33.87, for a total transaction 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.
- 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 transaction of $631,102.25.
- On Tuesday, July 7th, John Bicket sold 245,925 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total transaction 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 transaction of $946,764.00.
- On Wednesday, May 27th, John Bicket sold 129,021 shares of Samsara stock. The shares were sold at an average price of $30.02, for a total transaction 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 transaction 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%
Samsara stock traded down $0.52 during mid-day trading 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 one year low of $23.38 and a one year high of $47.47. The firm has a 50 day moving average price of $34.87 and a 200 day moving average price of $31.59. The company has a market cap of $22.26 billion, a PE ratio of 382.12, a price-to-earnings-growth ratio of 8.67 and a beta of 1.34.
Analysts Set New Price Targets
A number of research firms have commented on IOT. Guggenheim initiated coverage on shares of Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 price target on the stock. Weiss Ratings upgraded shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Wells Fargo & Company boosted their target price on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. KeyCorp restated an “overweight” rating on shares of Samsara in a research report on Friday, June 26th. Finally, TD Cowen reaffirmed a “buy” rating and set a $45.00 price target on shares of Samsara in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.33.
Check Out Our Latest Analysis on IOT
Hedge Funds Weigh In On Samsara
Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $13,464,000. Royal Bank of Canada boosted its holdings 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 buying an additional 48,135 shares in the last quarter. Jones Financial Companies Lllp grew its position in Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after buying an additional 17,088 shares during the last quarter. Empowered Funds LLC grew its position in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
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.
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