Sanjit Biswas Sells 56,474 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 56,474 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the completion of the transaction, the insider now owns 116,257 shares of the company’s stock, valued at approximately $5,037,415.81. This trade represents a 32.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The stock was sold at an average price of $43.39, for a total transaction 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 transaction of $3,729,161.92.
• On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The stock was sold at an average price of $45.25, for a total transaction 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 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 stock was 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 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 transaction of $4,520,640.00.

Samsara Trading Up 0.8 %

IOT stock opened at $46.03 on Friday. The business’s fifty day moving average price is $48.63 and its 200 day moving average price is $44.79. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The company has a market capitalization of $25.83 billion, a PE ratio of -97.94 and a beta of 1.59.

Institutional Trading of Samsara

Several hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. grew its holdings in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Samsara by 1,909.4% in 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. FMR LLC increased its position in shares of Samsara by 15.6% during the third 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. Allspring Global Investments Holdings LLC raised its stake in shares of Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after acquiring an additional 734,619 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Samsara by 55.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock valued at $88,013,000 after purchasing an additional 650,982 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IOT shares. BMO Capital Markets boosted their price target on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Piper Sandler boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Truist Financial boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Finally, Loop Capital boosted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus price target of $51.29.

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.