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

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

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

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

Samsara Stock Down 1.4 %

Shares of NYSE:IOT opened at $51.08 on Thursday. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of -108.69 and a beta of 1.59. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The company’s fifty day simple moving average is $47.98 and its 200 day simple moving average is $45.62.

Institutional Trading of Samsara

A number of institutional investors have recently modified their holdings of IOT. Hobbs Group Advisors LLC bought a new stake in Samsara in the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC increased its stake in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley raised their price objective 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. Piper Sandler upped their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BNP Paribas assumed coverage on Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara currently has an average rating of “Hold” and an average target price of $51.29.

About Samsara

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.