Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 59,114 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 59,114 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the completion of the transaction, the insider now owns 196,678 shares of the company’s stock, valued at approximately $8,899,679.50. The trade was a 23.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The shares were 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 stock was 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 shares were 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 shares were 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 value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total value of $2,972,780.79.

Samsara Stock Up 3.0 %

Samsara stock opened at $44.20 on Thursday. The firm has a market capitalization of $24.80 billion, a PE ratio of -94.04 and a beta of 1.59. The firm’s 50-day simple moving average is $48.98 and its 200 day simple moving average is $44.34. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IOT shares. Royal Bank of Canada increased their price target on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Loop Capital lifted their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Craig Hallum began coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target for the company. 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 report on Wednesday, November 20th. Finally, Piper Sandler boosted their target price on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.29.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its stake in Samsara by 16.3% in the 2nd quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,930 shares during the last quarter. National Bank of Canada FI purchased a new stake in Samsara in the 2nd quarter worth approximately $38,000. Victory Capital Management Inc. raised its holdings in Samsara by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 60,238 shares of the company’s stock valued at $2,030,000 after acquiring an additional 4,511 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Samsara by 17.6% during the second quarter. Arizona State Retirement System now owns 55,657 shares of the company’s stock worth $1,876,000 after purchasing an additional 8,330 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Samsara in the second quarter valued at $136,000. 96.02% of the stock is owned by hedge funds and other 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.