Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 94,020 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 94,020 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $42.68, for a total value of $4,012,773.60. Following the transaction, the insider now directly owns 114,000 shares in the company, valued at approximately $4,865,520. The trade was a 45.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The stock was sold at an average price of $44.27, for a total transaction of $6,436,503.84.
• On Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The shares were sold at an average price of $49.15, for a total transaction of $5,828,649.35.
• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50.
• On Tuesday, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30.
• 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 value 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 shares were sold at an average price of $45.30, for a total value 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 value 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 stock was sold at an average price of $43.84, for a total transaction of $3,729,161.92.

Samsara Trading Down 2.4 %

Shares of NYSE:IOT traded down $1.01 on Thursday, hitting $40.66. The company had a trading volume of 3,052,470 shares, compared to its average volume of 3,533,096. The company has a market cap of $22.82 billion, a PE ratio of -86.51 and a beta of 1.63. The business has a 50 day moving average of $47.55 and a 200 day moving average of $48.08. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. GLOBALT Investments LLC GA grew its holdings in shares of Samsara by 0.3% during the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock worth $2,444,000 after buying an additional 182 shares in the last quarter. Continuum Advisory LLC grew its stake in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares during the period. Private Trust Co. NA grew its stake in Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares during the period. Tidal Investments LLC raised its holdings in Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock valued at $280,000 after acquiring an additional 281 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after purchasing an additional 300 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IOT. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Monday, March 10th. Wells Fargo & Company reduced their price objective on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price on the stock. Truist Financial reduced their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, Raymond James began coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

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.