Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 13,086 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 13,086 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares of the company’s stock, valued at approximately $87,630,526. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 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 value 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 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 shares were sold at an average price of $53.81, for a total transaction of $4,484,148.73.

Samsara Trading Up 1.0 %

NYSE:IOT opened at $56.32 on Friday. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The company has a market cap of $31.60 billion, a PE ratio of -119.82 and a beta of 1.61. The company’s 50 day moving average is $47.73 and its two-hundred day moving average is $46.83.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IOT. Wells Fargo & Company raised their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Loop Capital raised their price target on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada boosted their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Samsara presently has an average rating of “Hold” and a consensus price target of $51.67.

Hedge Funds Weigh In On Samsara

Institutional investors have recently bought and sold shares of the business. GLOBALT Investments LLC GA boosted its holdings in shares of Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after acquiring an additional 182 shares during the last quarter. Continuum Advisory LLC lifted its position in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the period. Private Trust Co. NA boosted its holdings in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the last quarter. CIBC Asset Management Inc grew its position in Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after purchasing an additional 300 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after buying an additional 304 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.