Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 85,291 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 85,291 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the completion of the sale, the insider now directly owns 132,000 shares of the company’s stock, valued at approximately $7,299,600. This trade represents a 39.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50.
• On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The shares were sold at an average price of $47.08, for a total transaction of $3,472,714.96.
• On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The stock was sold at an average price of $46.40, for a total transaction of $3,344,372.80.
• On Wednesday, January 15th, Sanjit Biswas sold 170,416 shares of Samsara stock. The stock was sold at an average price of $45.30, for a total transaction of $7,719,844.80.
• 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 transaction of $3,521,662.57.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The stock was sold at an average price of $43.84, for a total transaction 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 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 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.

Samsara Price Performance

Samsara stock opened at $58.98 on Friday. The company’s 50 day simple moving average is $47.89 and its 200 day simple moving average is $47.12. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $59.04. The firm has a market capitalization of $33.10 billion, a price-to-earnings ratio of -125.48 and a beta of 1.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in 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 buying an additional 6,411,178 shares in the last quarter. FMR LLC lifted its stake in Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC bought a new position in Samsara in the fourth quarter valued at approximately $112,041,000. Norges Bank bought a new position in Samsara in the fourth quarter valued at approximately $106,274,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after buying an additional 2,148,081 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on IOT. JPMorgan Chase & Co. raised their price objective 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. Craig Hallum began coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective for the company. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial raised their price objective 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, Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus price target of $51.67.

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.