Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 56,474 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 56,474 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $43.33, for a total value of $2,447,018.42. Following the sale, the insider now directly owns 116,257 shares of the company’s stock, valued at $5,037,415.81. This represents a 32.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 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 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 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 stock was 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 stock was 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 shares were 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 stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00.

Samsara Trading Up 3.8 %

Shares of IOT stock traded up $1.66 during trading hours on Wednesday, reaching $45.70. 3,479,784 shares of the company’s stock were exchanged, compared to its average volume of 2,545,965. The stock has a market cap of $25.65 billion, a PE ratio of -97.23 and a beta of 1.59. The stock’s fifty day moving average price is $48.72 and its two-hundred day moving average price is $44.79. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51.

Institutional Trading of Samsara

Several large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its stake in shares of Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the period. FMR LLC lifted its position in Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the period. 1832 Asset Management L.P. lifted its position 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 acquiring an additional 500,400 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Samsara by 4.1% in 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 purchasing an additional 138,702 shares during the period. Finally, Geode Capital Management LLC raised its stake 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 worth $109,307,000 after purchasing an additional 196,867 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IOT. Piper Sandler boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Craig Hallum started coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. BMO Capital Markets increased their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.29.

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.