Samsara Inc. (NYSE:IOT) Insider Sells $2,674,908.50 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 59,114 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.25, for a total value of $2,674,908.50. Following the sale, the insider now directly owns 196,678 shares of the company’s stock, valued at approximately $8,899,679.50. The trade was a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 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 shares were sold at an average price of $48.55, for a total transaction 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.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79.

Samsara Stock Down 0.6 %

Shares of IOT stock opened at $43.92 on Friday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The company has a market capitalization of $24.65 billion, a PE ratio of -93.45 and a beta of 1.59. The firm has a 50 day moving average price of $48.87 and a two-hundred day moving average price of $44.44.

Institutional Trading of Samsara

Several hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares during the period. Private Trust Co. NA increased its position in Samsara by 19.2% during the third 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. Assenagon Asset Management S.A. raised its stake in Samsara by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after purchasing an additional 304 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock valued at $383,000 after purchasing an additional 388 shares during the period. Finally, UMB Bank n.a. grew 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 in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IOT shares. BNP Paribas assumed coverage on Samsara in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Piper Sandler lifted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and an average target price of $51.29.

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.