Samsara Inc. (NYSE:IOT) Insider Sells $7,719,844.80 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the completion of the transaction, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42.
• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The stock was sold at an average price of $43.39, for a total value of $3,521,662.57.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The shares were sold at an average price of $43.84, for a total value of $3,729,161.92.
• On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The stock was sold at an average price of $45.25, for a total value 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 transaction 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 transaction 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 transaction 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 value 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 value of $2,087,358.70.

Samsara Price Performance

Samsara stock opened at $46.75 on Friday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The stock has a market capitalization of $26.24 billion, a PE ratio of -99.48 and a beta of 1.59. The business has a 50 day simple moving average of $48.51 and a 200-day simple moving average of $44.80.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IOT shares. Truist Financial increased their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Piper Sandler increased their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. BNP Paribas assumed coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.29.

Hedge Funds Weigh In On Samsara

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its position in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares during the period. FMR LLC boosted its holdings in Samsara by 15.6% in the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after buying an additional 1,604,822 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after buying an additional 500,400 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Samsara by 4.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after acquiring an additional 138,702 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Samsara by 9.5% in the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after acquiring an additional 196,867 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.