Samsara Inc. (NYSE:IOT) Insider Sells $3,521,662.57 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 81,163 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $43.39, for a total value of $3,521,662.57. Following the completion of the sale, the insider now directly owns 130,365 shares of the company’s stock, valued at $5,656,537.35. The trade was a 38.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $2,447,018.42.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The shares were 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 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 stock was 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 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 stock was 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 value of $4,520,640.00.

Samsara Price Performance

Samsara stock opened at $45.70 on Thursday. The stock has a market capitalization of $25.65 billion, a price-to-earnings ratio of -97.23 and a beta of 1.59. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51. The business has a fifty day moving average price of $48.72 and a 200-day moving average price of $44.79.

Wall Street Analysts Forecast Growth

Several research firms have commented on IOT. Royal Bank of Canada raised their price objective on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. TD Cowen raised their price objective on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 11th. BMO Capital Markets raised their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Piper Sandler raised their price objective on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.29.

Institutional Trading of Samsara

A number of institutional investors have recently made changes to their positions in IOT. Baillie Gifford & Co. lifted its position in Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after acquiring an additional 6,411,178 shares during the period. FMR LLC lifted its position in Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock worth $572,176,000 after acquiring an additional 1,604,822 shares during the period. 1832 Asset Management L.P. lifted its position in Samsara by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after acquiring an additional 500,400 shares during the period. Westfield Capital Management Co. LP lifted its position in Samsara by 4.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after acquiring an additional 138,702 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Samsara by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock valued at $109,307,000 after buying an additional 196,867 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.