Sanjit Biswas Sells 160,000 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $34.89, for a total value of $5,582,400.00. Following the transaction, the insider now owns 108,000 shares of the company’s stock, valued at $3,768,120. This represents a 59.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The shares were sold at an average price of $42.68, for a total transaction of $4,012,773.60.
• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The shares were sold at an average price of $44.27, for a total transaction of $6,436,503.84.
• On Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The stock was 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 value of $729,544.50.
• On Tuesday, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The shares were sold at an average price of $55.30, for a total value 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 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 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.

Samsara Price Performance

NYSE:IOT opened at $37.70 on Friday. The stock’s 50-day moving average is $44.21 and its two-hundred day moving average is $47.08. The stock has a market cap of $21.46 billion, a PE ratio of -80.21 and a beta of 1.71. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IOT. Craig Hallum reaffirmed a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating for the company. Piper Sandler dropped their price target on shares of Samsara from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Berenberg Bank assumed coverage on shares of Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Samsara has an average rating of “Moderate Buy” and an average price target of $49.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Samsara by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after acquiring an additional 863,197 shares in the last quarter. FMR LLC boosted its position in Samsara by 24.0% during the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after purchasing an additional 2,148,081 shares during the last quarter. Invesco Ltd. raised its stake in shares of Samsara by 13.7% during the 4th quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock worth $151,908,000 after purchasing an additional 419,163 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Samsara by 22.2% during the 4th quarter. Amundi now owns 3,013,265 shares of the company’s stock valued at $133,126,000 after buying an additional 547,390 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other 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.