Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 118,589 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 118,589 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $49.15, for a total value of $5,828,649.35. Following the transaction, the insider now directly owns 126,000 shares in the company, valued at $6,192,900. The trade was a 48.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value 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 shares were sold at an average price of $47.08, for a total transaction of $3,472,714.96.
• On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The stock was sold at an average price of $46.40, for a total transaction of $3,344,372.80.
• On Wednesday, January 15th, Sanjit Biswas sold 170,416 shares of Samsara stock. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80.
• On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The stock was sold at an average price of $43.33, for a total value 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 value 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 value of $3,729,161.92.
• On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The shares were sold at an average price of $45.25, for a total value of $2,674,908.50.
• 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.

Samsara Price Performance

Shares of Samsara stock traded down $2.69 during midday trading on Thursday, hitting $47.36. 2,364,404 shares of the company were exchanged, compared to its average volume of 2,967,732. The firm has a 50 day simple moving average of $49.18 and a 200-day simple moving average of $48.11. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The firm has a market cap of $26.58 billion, a P/E ratio of -100.76 and a beta of 1.61.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IOT. Royal Bank of Canada increased their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price target on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley boosted their price objective 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. BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company upped their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IOT. Windmill Hill Asset Management Ltd increased its position in shares of Samsara by 25.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 5,974 shares of the company’s stock worth $261,000 after purchasing an additional 1,195 shares in the last quarter. Toronto Dominion Bank grew its stake in Samsara by 10.9% during the fourth quarter. Toronto Dominion Bank now owns 29,435 shares of the company’s stock worth $1,286,000 after buying an additional 2,899 shares during the last quarter. Cache Advisors LLC acquired a new stake in shares of Samsara during the fourth quarter worth approximately $227,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Samsara during the fourth quarter worth approximately $38,000. Finally, Continuum Advisory LLC raised its stake in shares of Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company’s stock valued at $51,000 after acquiring an additional 282 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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.