Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 160,000 Shares

Posted by Joseph Casey on Apr 11th, 2025

Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $34.89, for a total value of $5,582,400.00. Following the completion of the transaction, the insider now directly owns 108,000 shares in the company, valued at approximately $3,768,120. This represents a 59.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The stock was sold at an average price of $42.68, for a total value of $4,012,773.60.
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 value 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 value 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 value of $729,544.50.
On Tuesday, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The shares were sold at an average price of $55.30, for a total value of $4,716,592.30.
On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The stock was 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 shares were 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 shares were 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 shares were sold at an average price of $43.39, for a total value of $3,521,662.57.

Samsara Stock Down 5.4 %

IOT traded down $2.13 during midday trading on Thursday, hitting $37.34. 4,498,994 shares of the company traded hands, compared to its average volume of 3,768,818. The company’s 50-day moving average is $44.79 and its 200 day moving average is $47.25. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm has a market capitalization of $21.26 billion, a PE ratio of -79.44 and a beta of 1.71.

Wall Street Analyst Weigh In

Several brokerages have commented on IOT. Royal Bank of Canada lowered their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. BMO Capital Markets upgraded shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Monday, March 10th. Piper Sandler lowered their price target on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Berenberg Bank initiated coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.20.

Check Out Our Latest Research Report on Samsara

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IOT. SBI Securities Co. Ltd. bought a new stake in shares of Samsara during the 4th quarter valued at about $431,000. State Street Corp boosted its holdings in shares of Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Samsara by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,876,944 shares of the company’s stock worth $82,004,000 after buying an additional 47,911 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Samsara by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock worth $916,555,000 after acquiring an additional 863,197 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

About Samsara

(Get Free Report)

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.