Samsara Inc. (NYSE:IOT) Insider Sells $3,521,662.57 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 81,163 shares of Samsara stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $43.39, for a total value of $3,521,662.57. Following the sale, the insider now directly owns 130,365 shares of the company’s stock, valued at approximately $5,656,537.35. This represents a 38.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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 transaction of $2,674,908.50.
• 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 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 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 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.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were 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 transaction of $2,972,780.79.

Samsara Stock Down 0.5 %

IOT traded down $0.23 during trading on Monday, reaching $43.55. The company’s stock had a trading volume of 1,868,610 shares, compared to its average volume of 2,458,930. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The company has a market cap of $24.44 billion, a price-to-earnings ratio of -92.66 and a beta of 1.59. The firm has a fifty day simple moving average of $48.87 and a two-hundred day simple moving average of $44.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. 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 note on Wednesday, November 20th. BMO Capital Markets increased their price target on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.29.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter worth about $34,000. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. Resources Management Corp CT ADV lifted its holdings in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Samsara in the 2nd quarter valued at approximately $38,000. 96.02% of the stock is 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.