Sanjit Biswas Sells 21,735 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 21,735 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $42.98, for a total value of $934,170.30. Following the completion of the transaction, the insider now directly owns 985,789 shares of the company’s stock, valued at approximately $42,369,211.22. The trade was a 2.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, May 6th, Sanjit Biswas sold 73,398 shares of Samsara stock. The stock was sold at an average price of $41.30, for a total value of $3,031,337.40.
• On Tuesday, April 22nd, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $34.97, for a total value of $5,595,200.00.
• On Tuesday, April 8th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $34.89, for a total transaction of $5,582,400.00.
• On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The shares were sold at an average price of $42.68, for a total transaction of $4,012,773.60.
• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The shares were 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 shares were 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 shares were sold at an average price of $55.30, for a total transaction of $4,716,592.30.

Samsara Trading Down 0.3 %

Samsara stock opened at $43.31 on Friday. The business’s 50 day simple moving average is $38.66 and its 200 day simple moving average is $45.85. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a market cap of $24.66 billion, a price-to-earnings ratio of -92.15 and a beta of 1.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Keystone Financial Group Inc. grew its stake in Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after buying an additional 450 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Samsara in the 4th quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara in the 1st quarter worth $31,000. Finally, IFP Advisors Inc lifted its stake in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after purchasing an additional 598 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 decreased their target price on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on Samsara from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target for the company. Finally, Truist Financial cut their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus price target of $48.87.

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.