Samsara Inc. (NYSE:IOT) Insider Sells $3,031,337.40 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 73,398 shares of Samsara stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $41.30, for a total value of $3,031,337.40. Following the transaction, the insider now owns 96,000 shares in the company, valued at approximately $3,964,800. This trade represents a 43.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, May 8th, Sanjit Biswas sold 21,735 shares of Samsara stock. The shares were sold at an average price of $42.98, for a total value of $934,170.30.
• On Tuesday, April 22nd, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $34.97, for a total transaction 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 stock was sold at an average price of $44.27, for a total transaction of $6,436,503.84.
• On Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The stock was 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 stock was sold at an average price of $55.30, for a total value of $4,716,592.30.

Samsara Stock Down 0.3 %

Shares of IOT opened at $43.31 on Friday. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company’s fifty day moving average is $38.66 and its 200-day moving average is $45.84. The firm has a market cap of $24.66 billion, a price-to-earnings ratio of -92.15 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several research analysts have commented on IOT shares. Royal Bank of Canada decreased their target price 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. Craig Hallum reiterated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Piper Sandler reduced their target price on Samsara from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Raymond James began coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock. Finally, Wells Fargo & Company reduced 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. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.87.

Hedge Funds Weigh In On Samsara

Hedge funds have recently bought and sold shares of the business. GLOBALT Investments LLC GA boosted its stake in shares of Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock worth $2,444,000 after acquiring an additional 182 shares in the last quarter. Nemes Rush Group LLC boosted its position in Samsara by 7.8% during the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company’s stock worth $138,000 after purchasing an additional 260 shares during the period. Tidal Investments LLC grew its holdings in Samsara by 4.6% during the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock valued at $280,000 after purchasing an additional 281 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company’s stock valued at $51,000 after purchasing an additional 282 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after buying an additional 300 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.