Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 94,020 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 94,020 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total value of $4,012,773.60. Following the transaction, the insider now directly owns 114,000 shares in the company, valued at $4,865,520. This trade represents a 45.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 transaction 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 stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30.
• On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The stock was sold at an average price of $47.08, for a total value of $3,472,714.96.
• On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The shares were sold at an average price of $46.40, for a total value of $3,344,372.80.
• On Wednesday, January 15th, Sanjit Biswas sold 170,416 shares of Samsara stock. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80.
• On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The shares were sold at an average price of $43.33, for a total transaction of $2,447,018.42.
• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The shares were sold at an average price of $43.39, for a total transaction of $3,521,662.57.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The stock was sold at an average price of $43.84, for a total transaction of $3,729,161.92.

Samsara Stock Down 2.4 %

IOT stock opened at $40.66 on Friday. The company has a market cap of $22.82 billion, a price-to-earnings ratio of -86.51 and a beta of 1.63. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The business has a 50 day moving average price of $47.55 and a two-hundred day moving average price of $48.08.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently made changes to their positions in IOT. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Samsara in the third quarter valued at $697,000. Intech Investment Management LLC acquired a new stake in Samsara in the 3rd quarter valued at about $644,000. Charles Schwab Investment Management Inc. grew its holdings in Samsara by 55.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock worth $88,013,000 after purchasing an additional 650,982 shares during the period. Swedbank AB increased its position in Samsara by 288.9% during the third quarter. Swedbank AB now owns 12,080 shares of the company’s stock worth $581,000 after buying an additional 8,974 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Samsara by 12.9% in the third quarter. Daiwa Securities Group Inc. now owns 15,800 shares of the company’s stock valued at $760,000 after buying an additional 1,800 shares during the period. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Berenberg Bank began coverage on Samsara in a research note on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective on the stock. Raymond James assumed coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Wells Fargo & Company lowered their target price on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Loop Capital lifted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada lowered their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.60.

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.