Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 94,020 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 94,020 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total value of $4,012,773.60. Following the completion of the transaction, the insider now directly owns 114,000 shares in the company, valued at approximately $4,865,520. The trade was a 45.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The stock was 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 transaction 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 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 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 stock was 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 stock was 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 shares were sold at an average price of $43.84, for a total value of $3,729,161.92.

Samsara Trading Down 4.4 %

Shares of NYSE:IOT opened at $38.87 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm has a fifty day moving average price of $47.39 and a 200 day moving average price of $48.03. The stock has a market capitalization of $21.81 billion, a PE ratio of -82.71 and a beta of 1.63.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IOT shares. Craig Hallum restated a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of Samsara in a research report on Friday, March 7th. Truist Financial reduced their price target on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Raymond James began coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average target price of $49.60.

Institutional Trading of Samsara

Large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Samsara in the 3rd quarter worth approximately $697,000. Intech Investment Management LLC acquired a new stake in shares of Samsara in the third quarter worth $644,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Samsara by 55.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock worth $88,013,000 after buying an additional 650,982 shares during the period. Swedbank AB boosted its holdings in shares of Samsara by 288.9% during the 3rd quarter. Swedbank AB now owns 12,080 shares of the company’s stock worth $581,000 after buying an additional 8,974 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Samsara by 12.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,800 shares of the company’s stock valued at $760,000 after buying an additional 1,800 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

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.