Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 85,063 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 85,063 shares of Samsara stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $43.84, for a total transaction of $3,729,161.92. Following the transaction, the insider now directly owns 150,676 shares in the company, valued at $6,605,635.84. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sanjit Biswas also recently made the following trade(s):

• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The shares were sold at an average price of $43.39, for a total transaction of $3,521,662.57.
• On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50.
• On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The stock was sold at an average price of $45.36, for a total value of $2,217,378.24.
• On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The shares were sold at an average price of $53.81, for a total value of $4,484,148.73.
• On Monday, November 25th, Sanjit Biswas sold 75,594 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66.
• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $50.37, for a total value of $4,835,520.00.
• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total value of $2,972,780.79.

Samsara Trading Down 0.5 %

Shares of IOT traded down $0.23 during trading hours on Monday, reaching $43.55. 1,868,610 shares of the company’s stock traded hands, compared to its average volume of 2,458,930. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The stock has a market cap of $24.44 billion, a PE ratio of -92.66 and a beta of 1.59. The firm’s 50 day simple moving average is $48.87 and its 200-day simple moving average is $44.64.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IOT shares. JPMorgan Chase & Co. raised their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley increased their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Finally, BMO Capital Markets raised their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.29.

Institutional Investors Weigh In On Samsara

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. increased its holdings in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. Lord Abbett & CO. LLC raised its position in 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 in the last quarter. FMR LLC lifted its stake in Samsara by 15.6% during the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after purchasing an additional 1,604,822 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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. increased its position in shares of Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.