Sanjit Biswas Sells 59,114 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 59,114 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50. Following the sale, the insider now directly owns 196,678 shares in the company, valued at $8,899,679.50. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 value 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 value 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 shares were sold at an average price of $50.37, for a total transaction 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 transaction 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 shares were sold at an average price of $47.09, for a total value 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 value of $2,972,780.79.

Samsara Stock Performance

Shares of IOT opened at $44.20 on Friday. The stock has a 50 day moving average price of $48.91 and a 200 day moving average price of $44.34. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of -94.04 and a beta of 1.59.

Institutional Investors Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Rhumbline Advisers boosted its position in Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock worth $1,185,000 after acquiring an additional 4,930 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Samsara in the second quarter valued at approximately $38,000. Victory Capital Management Inc. increased its holdings in shares of Samsara by 8.1% in the second quarter. Victory Capital Management Inc. now owns 60,238 shares of the company’s stock valued at $2,030,000 after purchasing an additional 4,511 shares during the last quarter. Arizona State Retirement System boosted its stake in Samsara by 17.6% during the second quarter. Arizona State Retirement System now owns 55,657 shares of the company’s stock worth $1,876,000 after buying an additional 8,330 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Samsara in the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of analyst reports. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Piper Sandler increased their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their price target on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Nine equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target 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.