Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $2,752,191.60 in Stock

Posted by Defense World Staff on Sep 17th, 2023

Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 90,295 shares of Samsara stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.48, for a total value of $2,752,191.60. Following the completion of the transaction, the insider now directly owns 1,083,540 shares in the company, valued at approximately $33,026,299.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

On Tuesday, August 29th, John Bicket sold 77,952 shares of Samsara stock. The stock was sold at an average price of $25.80, for a total value of $2,011,161.60.
On Tuesday, August 22nd, John Bicket sold 47,895 shares of Samsara stock. The shares were sold at an average price of $23.70, for a total value of $1,135,111.50.
On Thursday, August 17th, John Bicket sold 5,754 shares of Samsara stock. The shares were sold at an average price of $22.94, for a total value of $131,996.76.
On Tuesday, August 15th, John Bicket sold 47,757 shares of Samsara stock. The shares were sold at an average price of $23.81, for a total value of $1,137,094.17.
On Wednesday, August 9th, John Bicket sold 210 shares of Samsara stock. The shares were sold at an average price of $24.59, for a total value of $5,163.90.
On Tuesday, August 1st, John Bicket sold 53,022 shares of Samsara stock. The shares were sold at an average price of $27.67, for a total value of $1,467,118.74.
On Tuesday, July 25th, John Bicket sold 43,632 shares of Samsara stock. The shares were sold at an average price of $26.67, for a total value of $1,163,665.44.
On Tuesday, July 18th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $28.72, for a total value of $2,593,272.40.
On Tuesday, July 11th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $27.70, for a total value of $2,501,171.50.
On Tuesday, June 27th, John Bicket sold 90,295 shares of Samsara stock. The shares were sold at an average price of $25.57, for a total value of $2,308,843.15.

Samsara Stock Down 3.1 %

Shares of IOT stock opened at $28.14 on Friday. Samsara Inc. has a 12 month low of $8.42 and a 12 month high of $32.41. The firm has a market cap of $14.87 billion, a PE ratio of -62.53 and a beta of 1.39. The stock has a 50 day moving average of $26.92 and a 200-day moving average of $23.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IOT shares. Wells Fargo & Company lifted their price target on Samsara from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Morgan Stanley lifted their price target on Samsara from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 1st. Truist Financial boosted their target price on Samsara from $20.00 to $27.00 in a report on Friday, June 23rd. BMO Capital Markets boosted their target price on Samsara from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, September 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of Samsara in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.80.

Get Our Latest Analysis on IOT

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IOT. Bank of New York Mellon Corp acquired a new position in shares of Samsara during the first quarter worth approximately $558,000. PNC Financial Services Group Inc. lifted its holdings in shares of Samsara by 141.6% during the first quarter. PNC Financial Services Group Inc. now owns 20,170 shares of the company’s stock worth $322,000 after buying an additional 11,820 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Samsara by 17.3% during the first quarter. BlackRock Inc. now owns 3,227,576 shares of the company’s stock worth $51,704,000 after buying an additional 477,013 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Samsara by 52.8% during the first quarter. Vanguard Group Inc. now owns 3,033,132 shares of the company’s stock valued at $48,591,000 after purchasing an additional 1,048,694 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Samsara during the first quarter valued at approximately $3,109,000. 52.47% of the stock is currently owned by institutional investors and hedge funds.

Samsara Company Profile

(Get Free Report)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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