Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 93,365 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $39.93, for a total transaction of $3,728,064.45. Following the completion of the transaction, the insider directly owned 271,100 shares of the company’s stock, valued at $10,825,023. The trade was a 25.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 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 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 transaction 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 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 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 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 stock was sold at an average price of $31.20, for a total transaction of $946,764.00.
Samsara Stock Performance
Shares of IOT traded down $0.27 during mid-day trading on Thursday, hitting $38.93. 5,690,708 shares of the company were exchanged, compared to its average volume of 6,916,050. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The company has a 50 day moving average of $35.84 and a 200-day moving average of $32.14. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of 389.34, a price-to-earnings-growth ratio of 8.89 and a beta of 1.34.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. TD Cowen lifted their price target on Samsara from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley set a $43.00 price objective on Samsara in a research note on Tuesday, July 21st. Guggenheim assumed coverage on shares of Samsara in a research note on Wednesday, July 22nd. They set a “buy” rating and a $45.00 target price on the stock. Wolfe Research restated an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. Finally, Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.39.
Read Our Latest Report on Samsara
Institutional Investors Weigh In On Samsara
A number of institutional investors and hedge funds have recently made changes to their positions in IOT. Spyglass Capital Management LLC raised its stake in Samsara by 4.7% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock valued at $100,068,000 after acquiring an additional 139,009 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Samsara by 9.6% in the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after acquiring an additional 813,922 shares during the period. Archer Investment Corp purchased a new stake in Samsara during the second quarter worth about $296,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Samsara during the 2nd quarter worth approximately $3,177,000. Finally, Plato Investment Management Ltd acquired a new stake in Samsara in the second quarter valued at $637,000. 96.02% of the stock is owned by hedge funds and other institutional investors.
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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