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

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 59,114 shares of Samsara stock in a transaction dated 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 completion of 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 SEC, which is accessible through this hyperlink.

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 transaction 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 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 shares were sold at an average price of $50.61, for a total transaction of $2,972,780.79.

Samsara Trading Up 3.0 %

Shares of NYSE:IOT traded up $1.28 on Wednesday, reaching $44.20. The company had a trading volume of 2,773,141 shares, compared to its average volume of 2,457,728. The firm has a market capitalization of $24.80 billion, a PE ratio of -94.04 and a beta of 1.59. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The firm’s 50 day simple moving average is $49.09 and its 200-day simple moving average is $44.34.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. FMR LLC boosted its stake in Samsara by 15.6% in the third quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after acquiring an additional 1,604,822 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Samsara by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after purchasing an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Samsara by 4.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after purchasing an additional 138,702 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Samsara by 9.5% during the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after purchasing an additional 196,867 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IOT. Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Craig Hallum began coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. BMO Capital Markets upped their price target on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, TD Cowen lifted their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.