Samsara Inc. (NYSE:IOT) Insider John Bicket Sells 107,152 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 107,152 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $51.13, for a total value of $5,478,681.76. Following the sale, the insider now owns 138,000 shares of the company’s stock, valued at $7,055,940. This represents a 43.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Bicket also recently made the following trade(s):

• On Tuesday, December 3rd, John Bicket sold 83,091 shares of Samsara stock. The shares were sold at an average price of $53.81, for a total value of $4,471,126.71.
• On Wednesday, November 27th, John Bicket sold 96,000 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total value of $5,352,000.00.
• On Monday, November 25th, John Bicket sold 75,600 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00.
• On Tuesday, November 5th, John Bicket sold 64,137 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,045,224.76.

Samsara Trading Up 2.1 %

Shares of NYSE IOT opened at $52.06 on Friday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The company has a market cap of $29.21 billion, a PE ratio of -110.76 and a beta of 1.59. The stock has a 50 day simple moving average of $47.95 and a 200-day simple moving average of $45.66.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its position in Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after acquiring an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after purchasing an additional 1,777,757 shares during the last quarter. FMR LLC boosted its position in shares of Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after purchasing an additional 1,604,822 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Samsara by 84.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock worth $77,421,000 after purchasing an additional 734,619 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after buying an additional 650,982 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

IOT has been the topic of several research analyst reports. TD Cowen increased their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial lifted their target price on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. BNP Paribas began coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Hold” and an average price target of $51.29.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.