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

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 transaction of $2,674,908.50. Following the transaction, the insider now directly owns 196,678 shares in the company, valued at approximately $8,899,679.50. This represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 shares were 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 stock was 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 transaction 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 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

NYSE IOT opened at $44.20 on Thursday. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51. The company has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $44.34. The firm has a market capitalization of $24.80 billion, a PE ratio of -94.04 and a beta of 1.59.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. TD Cowen boosted their price target on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. BNP Paribas initiated coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. Piper Sandler lifted their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.29.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Nordea Investment Management AB boosted its stake in Samsara by 11.9% during the 4th quarter. Nordea Investment Management AB now owns 16,157 shares of the company’s stock valued at $717,000 after purchasing an additional 1,713 shares during the period. Everence Capital Management Inc. acquired a new stake in Samsara in the 4th quarter valued at approximately $242,000. Lord Abbett & CO. LLC raised its stake in Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after acquiring an additional 1,777,757 shares in the last quarter. Franklin Resources Inc. acquired a new position in Samsara during the 3rd quarter worth $10,868,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Samsara in the third quarter worth $546,000. 96.02% of the stock is currently 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.