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 dated Monday, January 6th. The shares were sold at an average price of $45.25, for a total value of $2,674,908.50. Following the completion of the transaction, the insider now directly owns 196,678 shares of the company’s stock, valued at approximately $8,899,679.50. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction 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 transaction 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 value 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 value 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 value 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 stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79.

Samsara Stock Down 0.6 %

IOT stock opened at $43.92 on Friday. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of -93.45 and a beta of 1.59. The company’s fifty day simple moving average is $48.87 and its 200 day simple moving average is $44.44. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51.

Analyst Ratings Changes

A number of research firms have weighed in on IOT. Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial upped their target price on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Craig Hallum began coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. TD Cowen raised 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. Finally, BNP Paribas started coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in Samsara by 232.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,989 shares of the company’s stock worth $2,165,000 after purchasing an additional 31,439 shares in the last quarter. Watts Gwilliam & Co. LLC bought a new stake in shares of Samsara in the 4th quarter valued at $361,000. Nordea Investment Management AB increased its stake in shares of Samsara by 11.9% in the 4th quarter. Nordea Investment Management AB now owns 16,157 shares of the company’s stock valued at $717,000 after acquiring an additional 1,713 shares in the last quarter. Everence Capital Management Inc. bought a new position in Samsara during the fourth quarter worth $242,000. Finally, Lord Abbett & CO. LLC boosted its stake in Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after acquiring an additional 1,777,757 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.